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Ex-Renault Chief Thierry Bolloré Appointed Director Of Jaguar Land Rover

Ex-Renault Chief Thierry Bolloré Appointed Director Of Jaguar Land Rover

The largest British carmaker Jaguar Land Rover (JLR) has decided to appoint the former head of the French company Renault Thierry Bolloré as the new CEO of the holding company in a crisis situation related to the coronavirus pandemic.

Bollore, whose powers as CEO of Renault were terminated by a decision of the company's Board of Directors in October last year, will replace Ralf Speth at JLR, who is moving to another job at the British company.

"It is a great honor for me to lead this amazing company through a time of great challenges," the new Director said in connection with the appointment. One of the veterans of the automotive industry, according to the report, will have to lead JLR in the face of "a sharp drop in demand for cars in the world, as a result of the coronavirus pandemic."

Earlier, Bollore, as the British newspaper reminds, called his departure from Renault the result of a "coup" in the French media.

The newspaper Le Monde, in particular, noted that the replacement of the company's management was a continuation of the reshuffle in its top echelon, caused by the resignation of its long-term head, Carlos Ghosn. The publication also claimed that Bollore was removed from the management of Renault amid the company's deteriorating results in 2019. Bollore himself, in an interview with Les Echos, called his resignation "unexpected," noting that he "managed to consolidate the company's activities," despite the crisis.

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