Nissan shareholders sack Carlos Ghosn from board

Former Nissan and Renault boss Carlos Ghosn has been sacked from the Nissan board by shareholders following an extraordinary general meeting.

The 65-year-old was dismissed from his role as Nissan’s chairman after he was arrested last November and charged with a number of financial misconduct offences relating to his time at Nissan. But he officially remained on the firm’s board, until a vote was taken at a meeting in Tokyo today.

Greg Kelly, the former Nissan special director who was arrested at the same time as Ghosn, was also sacked. Renault chairman Jean-Dominique Senard has been added to the board, as part of an effort to stabilise the Renault-Nissan-Mitsubishi alliance following Ghosn’s arrest.

The decision comes a week after Ghosn, who had previously been released on bail, was detained for a fourth time by Japanese prosecutors over fresh charges that he used Nissan funds for personal benefits.

In a statement released through his lawyer, Ghosn strongly denied the latest charges, calling his arrest “outrageous and arbitrary”. He added: “It is part of another attempt by some individuals at Nissan to silence me by misleading the prosecutors. Why arrest me except to try to break me? I will not be broken.”

Ghosn’s arrest came the day after he joined Twitter and posted that he would “tell the truth” about what happened in a press conference on Thursday 11 April. The tweet came from a newly established @carlosghosn account, which has been verified by the social media service. 

Renault reports fresh concerns to authorities

In a further development, Renault’s Ethics and Compliance Department has completed its report into Ghosn’s behaviour while heading the French firm.

Renault has previously reported a number of ‘issues’ to French judicial authorities, and its board of directors says it has now reported a number of “potential issues concerning payments made to one of Renault’s distributors in the Middle East”.

The board has also recommended that Ghosn stops receiving his company pension.