Michelin CEO Clears Hurdle on Path to Replace Ghosn at Renault
- Senard is a frontrunner, while other candidates are in mix
- French finance minister calls Senard ‘great industrialist’
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Michelin Chief Executive Officer Jean-Dominique Senard, a frontrunner to replace Carlos Ghosn atop Renault SA, has passed one of the tests required for the job: Support of the French state.
Senard, 65, has boosted profitability during his seven years at the helm of the French tiremaker, winning the favor of the government -- Renault’s biggest shareholder. The carmaker said Thursday it will seek new governance, almost two months after Chairman and CEO Ghosn was detained in Japan for alleged financial misdeeds.