Thursday, 9 Apr 2020

Renault scraps parts of Ghosn's pay deal

PARIS (Reuters) – Renault on Wednesday said it had decided to scrap certain lucrative pay arrangements for former chairman and chief executive Carlos Ghosn.

“The board unanimously decided, at its meeting of 13th February 2019, to waive Mr. Ghosn’s non-compete commitment and, consequently, not to pay the corresponding compensation equal to two years fixed and variable compensation,” the company said.

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