Renault Press release
28 April 2011 19:20
Renault finalizes compensation for the harm done to Michel Balthazard, Bertrand Rochette and Matthieu Tenenbaum
Renault welcomes the positive outcome to the negotiations on compensation for the harm done to Michel Balthazard, Bertrand Rochette and Matthieu Tenenbaum as part of the intelligence fraud that recently occurred at Renault.
Michel Balthazard and Bertrand Rochette have decided not to return to the company. Renault thanks them for the quality of their work at the Group and wishes them every success in the future.
Matthieu Tenenbaum has accepted the offer to return to Renault and will join the Corporate Strategy and Planning Department on May 2, 2011. Renault is pleased with his decision.
Renault would like to thank Michel Balthazard, Bertrand Rochette and Matthieu Tenenbaum and their legal representation for the dispassionate environment in which the negotiations were held.
The Board of Directors unanimously approved the terms of the agreement at a meeting on April 11.