Renault changes management scheme after COO departure image

After Chief Operating Officer Carlos Tavares stepped down really fast last week, Renault is now announcing plans to appoint two new senior managers in charge of performance and competitiveness, both reporting directly to Chief Executive Officer Carlos Ghosn.

The automaker is setting up two managing boards that will report to Ghosn, effectively splitting the job of the departing No. 2, who left after going public with his ambition to lead a U.S. carmaker. One set of executives will focus on developing and manufacturing vehicles, while the other will be responsible for marketing and sales.

The model-producing managers, dubbed the competitiveness group, will “reinforce the development of an attractive product range” while ensuring vehicle quality and holding back costs, Renault said. The sales executives in the so-called performance group will focus on “growth, market share and profitability of sales.” The changes will “reinforce the industrial, sales and financial performance of the group”, Renault said in a statement, without identifying nominees.

Tavares, 55, was the second executive in five years to hold the chief operating officer position. The management reorganization concentrates operational responsibility at Renault in the hands of Ghosn, 59, who also runs Japanese carmaker Nissan Motor Co. and the 14-year-old alliance between the two manufacturers.

Via Bloomberg, Reuters