Cape Town - Nissan and Renault chairperson Carlos Ghosn, who helped
engineer Renault's return to F1 as a works team in 2016, is set to be sacked
after he was arrested for financial impropriety.
Although Ghosn did not play a direct role with the Formula 1
team, he was the man with the final say as Renault Sport president Jerome Stoll
reported directly to him.
He was a key supporter of the French manufacturer's return
to F1 as a works team, saying at the time they can either "come back at
100 percent or leave."
He opted for the 100%.
However, the face of Renault and Nissan is set to change in
the coming days after Ghosn was arrested for alleged violations of Japanese
An internal investigation, sparked by a whistle-blower,
revealed "significant acts of misconduct" over many years by him and
another top executive.
Ghosn is set to be sacked before the end of the week.
"I will call a board meeting to make a proposal to
remove him from the position of chairmanship and approve it," Nissan CEO
Hiroto Saikawa said.
"The partnership among the three entities will not be
affected by this event, rather we will closely work together with all the
partners to contain any possible confusion.
"Looking back, the concentration of power was something
we need to deeply reflect on."