Renault to renew chairman's term of office

Senard (left) and de Meo.

PARIS: French car maker Renault will propose at its general shareholders' meeting next year to renew the term of its chairman Jean-Dominique Senard, it said on Thursday.

"In addition, the board of directors unanimously decided to propose to the shareholders' general meeting the appointment as director of the chief executive officer, Luca de Meo," the group added in a statement.

Among the key priorities for Senard and de Meo are ongoing negotiations with Nissan to retool their long-standing alliance.

Senard said on Wednesday he remained confident about the outcome of the talks, which he described as going "very well". He declined to comment on reports that they would spill into next year.

Nissan Motor doesn't expect to reach an agreement with top shareholder Renault by year-end as some of the Japanese automaker's board members are pushing to move cautiously, people familiar with the matter have said.
Autos Renault