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Carlos Ghosn resigns from Renault, French minister announces

Carlos Ghosn resigns from Renault, French minister announces
Carlos Ghosn addresses reporters during a news conference in Paris on Feb. 12, 2015. (Jacques Brinon / Associated Press)

France's finance minister said Thursday that Carlos Ghosn, who is fighting breach-of-trust and other charges in Japan, has resigned as head of Renault.

Ghosn has been detained for more than two months in Japan.

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French Finance Minister Bruno Le Maire said at the World Economic Forum in Davos that Ghosn formally handed in his resignation to Renault's temporary leadership on Wednesday evening.

The board of French carmaker Renault SA is expected to name Jean-Dominique Senard of Michelin as chairman, and Renault executive Thierry Bollore as CEO.

Ghosn has denied Japanese prosecutors’ accusations that he under-reported income as chairman of Nissan and falsified financial reports.

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