Bollore, perceived as being a man close to alliance partner Nissan's now-ousted leader, Carlos Ghosn, was also serving on the new operating board set up to run the alliance after Ghosn's arrest, alongside Senard and Nissan's Hiroto Saikawa and Osamu Masuko.
A number of Renault's top executives also left the company recently, with many of them heading to rival PSA, indicating that relations with Bollore are not what they should be.
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More controversially still, the shoes feature a single drop of blood created to represent the blood of Jesus Christ, himself. The sneakers are made with 100-percent frankincense wool, and there's also a crucifix in the laces.
Tensions between the partners were further inflamed this year, including during various spats over governance reforms, and after a failed deal under Senard's watch to pair Renault up with Fiat Chrysler, which withdrew a merger offer.
The company said Bolloré will be replaced on an interim basis by Chief Financial Officer Clotilde Delbos.
Bollore denounced his looming exit as a "coup" in a newspaper interview on Thursday evening, after news that Senard was poised to trigger his departure had emerged in the French press on Tuesday. She will be assisted by Olivier Murguet, Exec VP for sales and marketing, and José-Vicente de los Mozos who is, among other things, Groupe Renault's Exec VP for manufacturing.
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"The brutality and the totally unexpected nature of what is about to happen is stupefying", he said, adding "I was always loyal to him".
Bolloré told French publication Les Echos ahead of the announcement that the board's move to oust him came as a surprise.
French media is reporting that the government wants to revamp Renault's management and put the Ghosn years to rest.
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The move is expected to be confirmed on Friday, and sources tell ESPN's Marc Raimondi that Velasquez signed a multi-year deal. What is surprising is that the Fury-Strowman showdown will take place roughly one month before his title fight against Wilder.
The French government - a key Renault investor, with a 15 per cent stake in the company - expressed its support for Senard after Bollore's comments were published, saying it trusted the chairman to submit the "necessary decisions" to the board.