Prost promoted to Renault board of directors

Four-time Formula 1 world champion Alain Prost has been named as a new non-executive director for Renault as well as a place of the French manufacturer’s board of directors.

After the resignation of CEO Carlos Ghosn, his responsibilties were taken over by Thierry Bollore, who will now return to his chief executive duties after the appointment of Prost.

The Frenchman has been part of Renault’s set-up in F1 since their return to the sport as a works team in 2016 in both an ambassadorial and advisory role. It is unclear at this time whether his new position as director will change his responsibilities in those roles.

After the appointment, Renault released a statement detailing the strategy and goals of the board of directors, saying they should be: "establishing vision, mission and values, setting strategy and structure, delegating to management, exercising accountability to shareholders and being responsible to relevant stakeholders, and taking key decisions for the company such as approval of the annual accounts and financial statements and approval of key contracts with sponsors, partners and drivers."

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Other members of the Renault board include team principal and managing director Cyril Abiteboul, Renault Sport president Jerome Stoll, Renault Group financial chief Thierry Cognet and Genii Capital boss Gerard Lopez.

Prost previously drove for Renault in his F1 career, but none of his four world championships came with the French team, with three being won with McLaren and one with Williams.

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