Carlos Tavares- Renault's COO Steps down

Carlos Tavares has mutually agreed with Renault to cease as of his functions of Chief Operating Officer in order to pursue other personal projects. The company's chairman, Carlos Ghosn ( Renault-Nissan alliance chairman) will temporarily carry out the duties of Chief Operating Officer.

Carlos Ghosn, Chairman and Chief Executive Officer, thanks Carlos Tavares for successfully contributing to the results of the company all along his career. In order to reinforce Renault's industrial and commercial performances, an adaptation of the management's organization will soon be decided and announced.

The exit of the Tavares's comes at a time when the French auto maker is going through tough times in the European market, while its strategic partner Nissan is doing well in the same market. Mr. Tavares joined Renault in 1981 as a road test engineer, and he is also an active race car driver. He later appointed as a programme director and then as vice president, product strategy and planning. In 2005, Tavares's appointed as executive vice president at Nissan, and was named as COO of Renault in May this year.

image courtesy : Bloomberg