Carlos Tavares has mutually agreed with Renault to cease his functions of chief operating officer in order to pursue other personal projects.

Carlos Ghosn, chairman and chief executive officer, would like to thank Carlos Tavares for successfully contributing to the results of the company throughout his career.

Also effective immediately, Ghosn will temporarily carry out the duties of chief operating officer.

In order to reinforce Renault's industrial and commercial performance, an adaptation of the management's organisation will be confirmed and announced shortly.