Renault Group names François Provost as new chief executive

Renault Group has appointed François Provost as its new chief executive to provide continuity to the company's strategic direction.

Provost takes over from Duncan Minto who was serving as CEO on an interim basis following Luca De Meo's decision to step down last month in order to lead fashion brands Gucci and Saint Laurent.

Provost has been with the Renault Group for 23 years and most recently served as chief procurement, partnerships and public affairs officer. He brings international experience across operational and strategic roles and is seen by the company as well positioned to lead its next phase of development.

Renault Group chairman Jean-Dominique Senard said he was confident in Provost’s ability to guide the business in a competitive and fast-evolving sector.

Provost said: “I will dedicate all my energy and passion to contributing, alongside our 100,000 employees, our dealers, suppliers and partners to the development of our group, one of the flagships of French industry for the past 127 years.

"Renault Group benefits from strong fundamentals, with committed teams, an outstanding range of products, strong brands and an innovative organisational model.

"These will be invaluable assets as we accelerate our transformation in an increasingly demanding environment for our industry.

"You can count on my commitment and determination to write the next page of our history together.”