Renault Chairman To Step Down From Nissan’s Board: Retail’s Disappointed

Renault Chairman Jean-Dominique Senard is stepping down from the board of Japanese automaker Nissan Motor Co. (NSANY), the company said on Thursday.

Senard was Nissan’s vice chairman and will step down at the end of the annual general meeting of shareholders scheduled for June, it said. He joined Nissan's board in 2019.

Renault’s lead independent director, Pierre Fleuriot, will also leave Nissan's board, together with two more directors, Makoto Uchida and Hideyuki Sakamoto. Fleuriot has been a member of Nissan’s board since 2020.

Meanwhile, Valerie Landon, Timothy Ryan, Ivan Espinosa, and Eiichi Akashi will join the board, the firm added.

While Landon is currently an Independent Board Member for automotive supplier Forvia, Ryan is a former Global Chief Executive Officer for Asset and Wealth Management at Natixis.

Renault and Nissan amended their alliance in late March to increase the flexibility of each party regarding their cross-shareholdings and to release Nissan from its commitment to invest in Ampere, while continuing the agreed-upon product projects.

Renault had stated that the company, through Ampere, would develop and produce a derivative of the Twingo, an A-segment vehicle, for Nissan starting from 2026. The model, it said, would be designed by Nissan.

On Stocktwits, retail sentiment around Nissan fell from ‘extremely bullish’ to ‘neutral’ territory over the past 24 hours while message volume rose from ‘extremely low’ to ‘low’ levels.

NSANY stock is down by about 27% year-to-date and by over 40% over the past 12 months.

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