Renault and Nissan to Converge Four Major Alliance Functions

Amsterdam (ots/PRNewswire) -

- To achieve a minimum EUR4.3 billion annual synergy goal, the Alliance is
implementing convergence plans in four key areas: Engineering, Manufacturing & Supply
Chain Management, Purchasing, and Human Resources.
- Converged business functions become official 1 April and are expected to have
an immediate positive effect on operational performance.
- Newly appointed Alliance Executive Vice Presidents will take charge of
increasing integration in each function.

The Renault-Nissan Alliance today announced it will begin
implementing convergence initiatives in four key operational areas
starting 1 April, with the goal of achieving at least EUR4.3 billion
in annualized synergies by 2016.

(Logo: http://photos.prnewswire.com/prnh/20140130/666713-a )

Management teams and the boards of Renault and Nissan finalized
the convergence plans following consultations with employee
representatives. The Alliance initially launched convergence study
projects in late January in four key areas: Engineering,
Manufacturing & Supply Chain Management, Purchasing, and Human
Resources.

Under the plan, these functions will be jointly managed by Renault
and Nissan, with a newly appointed Alliance Executive Vice President
leading each function, and a new management committee to oversee
implementation.

"Convergence within these four key business functions will result
in an immediate increase in efficiency and leverage our size to
achieve competitive economies of scale," said Renault-Nissan Chairman
and CEO Carlos Ghosn. "The synergies will then enable us to deliver
higher-value vehicles to customers and stay at the leading edge of
innovation."

Four Converged Alliance Functions with New Leaders

- Engineering: Renault and Nissan will combine Common Module Family
engineering, advanced research, powertrain development (including electric vehicles),
systems engineering and testing facilities and services. Tsuyoshi Yamaguchi, Alliance
Director of Platforms and Parts, is appointed Alliance Executive Vice President,
Alliance Technology Development, for the new converged Alliance function.
- Manufacturing Engineering & Supply Chain Management: The new Alliance
converged manufacturing function will cover global industrial strategy (including
sourcing), production process engineering, production control and supply chain
management. Shohei Kimura, Nissan Corporate Vice President for Vehicle Production
Engineering, is appointed Alliance Executive Vice President, Manufacturing Engineering
and Supply Chain Management.
- Purchasing: Renault and Nissan have enjoyed an integrated purchasing
organization for more than a decade. But convergence of major engineering and
manufacturing activities will drive greater purchasing synergies and more economies of
scale. Christian Vandenhende, Managing Director of the Renault-Nissan Purchasing
Organization, is appointed Alliance Executive Vice President, Alliance Purchasing.

Full release available here:
http://www.media.blog.alliance-renault-nissan.com/news/4928

Bios available here:
http://blog.alliance-renault-nissan.com/users/all

MEDIA CONTACT:

Mia Nielsen
Renault-Nissan Alliance Communications
mia.nielsen@renault.com
+33(0)6-10-83-31-33

Photo:
http://photos.prnewswire.com/prnh/20140130/666713-a

ots Originaltext: Renault-Nissan Alliance
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