"Mr. Senard is an experienced, mature businessman ... I very much welcome Renault's decision," Saikawa told reporters at Nissan's headquarters in Yokohama.

Saikawa's comments came after Renault announced that outgoing Michelin CEO Senard would become chairman of the French automaker and Ghosn deputy Thierry Bollore promoted to CEO.

Renault's board had met earlier in the day to replace Ghosn who resigned from the French automaker. The former executive is facing charges of financial misconduct during his time as CEO of Nissan.

(Reporting by Naomi Tajitsu; editing by Jason Neely)

Stocks treated in this article : Michelin, Renault, Nissan Motor Co Ltd