Renault Leadership Vacuum May Jeopardize Europe Recovery Plan
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Renault SA Chief Operating Officer Patrick Pelata’s exit over a botched espionage investigation threatens the French company’s plan to reverse sagging European sales and expand in emerging markets, analysts said.
Pelata’s resignation, announced April 11, leaves Renault without a permanent operational boss as it seeks to restore its core car-making business to consistent profitability and pursue sales and profit targets announced eight weeks before his departure.