Renault CEO Luca de Meo is to step down from his role on July 15 after five years at the helm to join French fashion house Kering which owns beleaguered brands Gucci and Saint Laurent.
Board chairman Jean-Dominique Senard praised de Meo’s leadership, saying: “For five years, Luca de Meo has worked to restore Renault Group to its rightful place. Under his leadership, our company has returned to a healthy foundation, boasts an impressive range of products and has resumed growth. Besides being an exceptional captain of industry, Luca de Meo is also a creative, committed, passionate and inspiring individual.”
De Meo commented: “There comes a time in one’s life when one knows the job is done. At Renault Group, we have faced immense challenges in less than five years. We have achieved what many thought impossible. Today, the results speak for themselves: they are the best in our history.”
“We have a strong team and an agile organisation. We also have a strategic plan ready for the next generation of products. That is why I have decided it is time for me to hand over the baton. I am leaving a transformed company, poised for the future, to apply my experience to other sectors and embark on new adventures.”
Renault Group operates in 114 countries and sold 2.265 million vehicles in 2024. It employs more than 98,000 people.
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