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Renault announces Carlos Ghosn's replacements

French car giant Renault has announced a new chairman and chief executive to replace Carlos Ghosn.

Michelin's Jean-Dominique Senard has been appointed chairman, while Thierry Bolloré will become chief executive.

Mr Ghosn, who has been in jail in Japan since November 19 accused of financial misconduct at Nissan, had remained at the helm of Renault.

He held top jobs at both carmakers because of an alliance between them and smaller partner Mitsubishi.

Nissan is expected to hold a press conference later on Thursday.

Renault's board of directors voted to separate the two functions, previously handled solely by Mr Ghosn.

The chairman will be responsible for managing Renault's alliance with Japanese carmaker Nissan, while the chief executive will co-ordinate the carmaker's activities.

Mr Ghosn, who was the architect of the Renault-Nissan alliance, faces three charges in Japan of financial misconduct including understating his income and aggravated breach of trust.

Mitsubishi joined the alliance three years ago. While Nissan and Mitsubishi sacked him as chairman after his arrest, Renault had not done so.

The 64-year-old, who denies any wrongdoing, could remain in custody for months after .

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