French President Francois Hollande shouldn’t seek to create an economic “shock” with his effort to improve competitiveness in the country, former Renault SA Chief Executive Officer Louis Schweitzer said.
Volvo AB, the world’s second-largest maker of commercial vehicles, named BP Plc chairman Carl-Henric Svanberg to take the same role at the Swedish company and steer it through a weakening truck market.
BP Plc Chairman Carl-Henric Svanberg will be named chairman of Swedish truckmaker Volvo AB within a few weeks, replacing Louis Schweitzer, Svenska Dagbladet reported today, citing several people familiar with the matter.
AstraZeneca Plc Chief Executive Officer David Brennan will retire from his post, ending a six- year tenure after repeated failures in drug development left investors skeptical of the company’s earnings prospects.
Renault SA Chief Executive Officer Carlos Ghosn gave up his bonus and turned down second-in-command Patrick Pelata ’s resignation after wrongfully accusing senior managers of spying in a case that has become a personal embarrassment for the top two executives.
Patrick Pelata, who stepped down from his post as Renault SA’s chief operating officer in 2011 following a botched espionage investigation, said he’s leaving the carmaker because he wasn’t given enough responsibilities.