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Renault has named Clotilde Delbos, the french automaker’s current CFO, as the chief executive officer for an interim period.
Delbos will replace Thierry Bollore who was ousted by the board in a vote on Friday morning with immediate effect.
The board also appointed Jean-Dominique Senard as the interim president of Renault.
Shares of Renault were trading more than 2% on Friday morning and are down more than 4% year-to-date.
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This article was originally published by Cnbc.com. Read the original article here.