France's Role Limits Renault Chairman — WSJ

Renault shareholders are expected to vote in favor of Mr. Senard on Wednesday, when they hold their first annual meeting since the executive was appointed in January to succeed Carlos Ghosn. Renault’s biggest shareholder, the French government, has said Mr. Senard has its full confidence.

The vote of support, however, masks underlying tensions between Mr. Senard and the government, according to people close to Renault. Mr. Senard considered resigning in the hours after Fiat Chrysler withdrew its offer last week, said a person familiar with Mr. Senard’s thinking. He decided to stay after receiving messages of support from Renault’s board and the French government, the person said.

Fiat Chrysler and Renault haven’t ruled out the possibility that merger talks could resume, and the French state considers Mr. Senard as crucial to any future negotiations. Mr. Senard has spoken with Fiat Chrysler Chairman John Elkann a number of times since the deal fell apart, according to people familiar with the matter.

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