Renault’s Former COO Resigns from Renault-Nissan Alliance Following Hoax

About 15 months ago, Renault was neck-deep in an espionage case that involved three executives allegedly selling electric vehicle information to China and funneling money into illegal accounts. It later came out, following a French investigation into the firing of the three executives, that the executives were not involved in industrial espionage and that they were wrongfully terminated.

Renault found out exactly what crow tasted like, as they compensated the fired executives for lost salary and defamation, but apparently there was a little leftover crow, as 15 months after this all took place, the company’s COO, Patrick Pelata, has submitted his resignation. This isn’t the first time Paleta has submitted a resignation, as he entered one shortly after the case went sour, but Renault’s CEO, Carlos Ghosn, rejected the resignation. Renault accepted the resignation, but instead of outright losing Pelata, Renault placed him in an advisory role in the Nissan-Renault Alliance.

This time, however, the resignation will stick, as Renault has announced that effective August 16th, Paleta will step down from his post in the alliance. According to reports, there is no information on where Pelata will land, but we are certain he will find a new home, despite the false espionage case.

We’ll let you know where he ends up as soon as we find out.