October 22 (SeeNews) - French carmaker Renault said on Thursday it will propose Jerome Olive as new board director and managing director of its Romanian unit Dacia to replace Francois Fourmont.
Olive will be proposed as Dacia’s board director at an annual meeting on November 26 and as managing director at a board meeting afterwards, Reanault said in a statement.
You can download the 2023 Automotive industry in Southeast Europe report here
Fourmont, who joined Renault in 1975, is retiring at the end of the year. He became managing director of Dacia in July 2003 and has been managing director of the Renault group in Romania since March 2008.
Olive is currently the director of Renault's plant in Douai, France.
Renault bought Dacia, then an ailing state carmaker, in 1999, and turned it into a successful company, mainly known abroad for its no-frills model Logan. New passenger car registrations in Europe under the brand of Dacia rose by 25.2% on the year in the first nine months of 2009 to 174,080.