Carlos Tavares knows about cars. He’s been obsessed with them since he worked as a teenage flag steward on the Estoril race track and harboured dreams of racing professionally.
Deciding he wasn’t good enough to go pro, the Portugese car fanatic switched to studying engineering at the prestigious Ecole Centrale Paris in France.
He joined Renault in 1981 as a test engineer, catching the eye of Renault’s visionary boss, Louis Schweitzer, who gave him the responsibility for developing one of its new models, the Megane 2.
Dividend recaps: this is not going to end well
An early proponent of dividend recaps – the financial two-step where equity capital is replaced by debt – was Thames Water.
