Jean-Dominique Senard, Chairman of Renault, HirotoSaikawa, CEO of Nissan, Thierry Bollore, CEO of Renault and Osamu Masuko, CEO of Mitsubishi Motors, announce the intention to create a new Alliance operating board
Jean-Dominique Senard will act as Chairman of this new operating board of the Alliance, with the CEOs of Nissan, Renault, and Mitsubishi Motors also joining the board.
The new Alliance operating board will drive the operational cooperation between Nissan, Renault, and Mitsubishi Motors and look for new ways to generate value for its respective shareholders and employees.
To continue strengthening the Alliance and laying the foundations of its future successes, Jean-Dominique Senard, HirotoSaikawa, Thierry Bollore, and Osamu Masuko are today announcing the intention to create an Alliance operating board for Nissan, Renault, and Mitsubishi Motors.
The new Alliance Board will be the sole body overseeing the operations and governance in the Alliance among Renault, Nissan, and Mitsubishi, instead of RNBV and NMBV. As such, it will be the face and primary driver of the Alliance’s “New Start.”
To lay the foundations of the new development stage of the Alliance, the new board will be composed of the Chairman of Renault, who will also act as Chairman of the new Alliance operating board, and the Alliance Board takes the CEOs of Nissan, Renault, and Mitsubishi Motors; the operating decisions will be consensus-based, furthering the Alliance’s “win-win” approach.
The definitive agreements will be signed in conjunction with the anniversary of the Alliance.
The new board intends to meet every month in Paris or Tokyo and regularly update stakeholders on its key value initiatives and achievements. The Alliance operating board will ask for the creation of specific projects to make recommendations for and drive new ways to create the incremental value of the three auto companies.
As the 20th anniversary of the Alliance approaches, the boards of Nissan, Renault, and Mitsubishi Motors would like to recognize the strong contribution the Alliance has made to all three companies and their partners’ performance.
The creation of the new Alliance operating board is designed to help Nissan, Renault, and Mitsubishi Motors become what they can be together – the top organization in the rapidly changing and highly competitive global auto market.
Through the commitment and loyalty of the employees of Nissan, Renault, and Mitsubishi Motors, and highly constructive cooperation with Daimler, the Alliance operating board will look to continue delivering total win-win for all those involved.
