Renault-Nissan-Mitsubishi announce new Alliance board

The Board of Renault-Nissan-Mitsubishi Alliance, one of the biggest global motor partnerships, today announced a "new start" as they attempt to move on from the arrest and ousting of chief Carlos Ghosn.

The partners have appointed Jean-Dominique Senard as the chairman of this new operating board of the Alliance, with the CEOs of Nissan, Renault, and Mitsubishi Motors also joining the board.

The new 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. In order to further strengthen the Alliance as well as lay the foundations of its future successes, Jean-Dominique Senard, Hiroto Saikawa, 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, in lieu of RNBV (Renault-Nissan B.V) and NMBV (Nissan-Mitsubishi BV).

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 CEOs of Nissan, Renault and Mitsubishi Motor. The operating decisions taken by the Alliance board will be consensus-based, furthering the Alliance’s 'win-win' approach.

The partners say the definitive agreements will be signed in conjunction with the anniversary of the Alliance, and the new board intends to meet every month in Paris or Tokyo and will 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 the execution of new ways to create incremental value of the three auto companies.

The creation of the new operating board is designed to help the carmakers become the top organisation 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 a highly constructive cooperation with Daimler, the Alliance operating board will look to continue delivering total win-win for all those involved.

Groupe Renault, Nissan Motor and Mitsubishi Motors represent the world’s largest automotive alliance. It is the longest-lasting and most productive cross-cultural partnership in the auto industry. They have strategic collaborations with other automotive groups, including Germany’s Daimler and China’s Dongfeng.