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Renault board meeting due on Jan. 24 over Ghosn's succession: sources

Renault board meeting due on Jan. 24 over Ghosn's succession: sources
FILE PHOTO: Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, poses after the Renault's 2015 annual results presentation at their headquarters in Boulogne-Billancourt, near Paris, France, February 12, 2016. REUTERS/Benoit Tessier/File Photo   -   Copyright  Benoit Tessier(Reuters)
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PARIS (Reuters) – Carmaker Renault <RENA.PA> has called for a board meeting on Jan. 24 to discuss the succession plans regarding Carlos Ghosn, sources told Reuters on Tuesday, with Ghosn in custody in Japan over alleged financial crimes which he denies.

The Renault nominations committee has tentatively backed Michelin <MICP.PA> boss Jean-Dominique Senard to become Renault chairman, as widely expected, while Ghosn’s deputy Thierry Bollore would take the full CEO role, two sources have also told Reuters.

Ghosn’s latest request for bail was rejected by a Tokyo court on Tuesday, despite the ousted Nissan chairman offering to wear an electronic ankle tag in an unusual bid to win release after two months of detention for alleged financial crimes.

The ruling, widely anticipated, raises the likelihood that the 64-year-old executive will remain in custody until his trial, and has kept pressure on Nissan’s <7201.T> French partner Renault SA to find his successor as chairman and CEO.

(Reporting by Laurence Frost; Editing by Sudip Kar-Gupta)

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