French finance minister says up to Renault's board to decide on management changes

STORY CONTINUES BELOW THESE SALTWIRE VIDEOS

Weather’s role in wildfires in Atlantic Canada | SaltWire #weather #climatechange #wildfireseason

Watch on YouTube: "Weather’s role in wildfires in Atlantic Canada | SaltWire #weather #climatechange #wildfireseason"

LUXEMBURG (Reuters) - It was not up to the French state to interfere in management decisions at Renault , France's Finance minister said on Wednesday, following a report in business daily Le Figaro that the carmaker's CEO Thierry Bollore may be replaced soon.

Speaking on the sidelines of a European Union's finance ministers meeting, Bruno Le Maire said he had full confidence in Renault's chairman and board to choose the best governance and people to implement the company's strategy.

"We have full confidence in Jean-Dominique Senard and Renault's board to choose the best governance and people that will apply the industrial strategy that the state has defined for its technological transformation," Le Maire said.

The state owns a 15% stake in Renault.

(Reporting Francesco Guarascio; Writing by Benoit Van Overstraeten; Editing by Sarah White)

It has been our privilege to have the trust and support of our East Coast communities for the last 200 years. Our SaltWire team is always watching out for the place we call home. Our 100 journalists strive to inform and improve our East Coast communities by delivering impartial, high-impact, local journalism that provokes thought and action. Please consider joining us in this mission by becoming a member of the SaltWire Network and helping to make our communities better.

Click here for information on becoming a member

Click here to download the SaltWire app