Renault CFO Delbos steps down to steer its Mobilize EV brand By Reuters

Renault CFO Delbos steps down to steer its Mobilize EV brand

Stock Markets Feb 18, 2022 03:17AM ET

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© Reuters. FILE PHOTO: Renault interim CEO Clotilde Delbos poses before the French carmaker Renault's 2019 annual results presentation at their headquarters in Boulogne-Billancourt, near Paris, France, February 14, 2020. REUTERS/Gonzalo Fuentes

PARIS (Reuters) -Clotilde Delbos will step down as Renault (PA:RENA)'s chief finance officer, she told analysts on Friday, to focus on leading the group's Mobilize unit.

After six years as finance chief Delbos will be replaced by Thierry Pieton, her deputy, from March 1.

"Clotilde Delbos will mainly focus on her role as CEO of the Mobilize brand ... to accelerate its development in the context of the group's transformation," Renault said in a statement.

The Mobilize brand https://www.renaultgroup.com/en/our-company/our-brands/mobilize is part of the group's electric vehicle strategy as it seeks to achieve carbon neutrality in Europe by 2040.

Delbos, 55, was appointed as Renault CFO in April 2016, having joined as group controller in 2012. She also served as interim chief executive at the French carmaker after Carlos Ghosn was ousted amid a financial scandal and before the appointment of Luca de Meo in June 2020.

Even before the COVID-19 pandemic upended the car industry, Renault was struggling to adjust to life without Ghosn, the architect and long-time boss of its alliance with Japan's Nissan (OTC:NSANY).

Ghosn was arrested in Japan in November 2018 on financial misconduct charges, which he denied, and later fled.

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