Summit Notebook

Exclusive outtakes from industry leaders

Renault is too complex, COO says


One of the big challenges for French carmaker Renault, which ranks third in the world with Japanese partner Nissan and Russian ally AvtoVAZ, is that it is too complex, chief operating officer Patrick Pelata told the Reuters Automotive Summit.

“Renault is a complicated company,” he said and explained how many carmakers had embraced a matrix organisation to deal with their international expansion. “We’re definitely more complicated than Nissan,” he said.

He should know, he worked several years with Carlos Ghosn at Nissan and found met his wife in Tokyo.

Pelata, who was born at the feet of the Pyrenees mountains in Les Pujols in 1955 before studying at the prestigeous Polytechnique and Ponts et Chaussees schools in Paris, is in charge of diminishing this complexity and eking out costs. 

No gain without pain for European paper makers


The current slew of bad news was necessary to get European forestry companies to act, the head of the world’s top paper and board maker Stora Enso said on Wedstora_ceo_web.JPGnesday.

For years the European paper industry has suffered from overcapacity, which has kept a lid on prices, while increasing costs of wood and energy have eaten into already low margins.