We all know about yesterday’s announcement that Chief Operating Officer Carlos Tavares will step down from its office “in order to pursue other personal projects”. We have today some further insights about the development that lead to this decision.
According to two persons familiar with the matter, Tavares proposed taking on a wider role at the French carmaker in meetings this week with Chief Executive Officer Carlos Ghosn.
The latter, who is also the CEO of alliance partner Nissan Motor Co., turned him down and offered to let him stay as COO, said the people, who asked not to be identified because the talks were private.
Tavares, who would have still reported to Ghosn under his proposal for a broader role, decided instead to seek a top post elsewhere, they said. Tavares wanted to expand his responsibilities beyond purely operational decision-making to include oversight of areas such as human resources and legal matters, one of the people said.
France’s second-largest automaker is now considering whether to drop the position of COO completely, another person familiar said. Renault plans to decide soon on changes to the management organization, the Boulogne-Billancourt, France-based company said in a statement yesterday announcing that the 55-year-old executive was leaving and would be temporarily replaced by the 59-year-old Ghosn.