Renault Group CEO Luca de Meo announced his decision to step down after five years leading the French automaker, with his departure effective July 15, 2025. The announcement, made in Boulogne-Billancourt, cited his intent to pursue new challenges outside the automotive industry, with reports from Le Figaro and posts found on X indicating he will become CEO of Kering, the luxury conglomerate owning Gucci and Saint Laurent. The Renault Board of Directors, chaired by Jean-Dominique Senard, expressed gratitude for de Meo’s leadership, noting his role in transforming the company, which sold 2.265 million vehicles in 2024 across 114 countries. The board accepted his resignation and initiated a succession plan, expressing confidence in the management team to continue the company’s growth strategy. Renault shares dropped by nearly 7% on June 16, reflecting market reactions, though no specific successor has been named, with potential candidates including Denis Le Vot and Maxime Picat under consideration by analysts. De Meo will remain in his role until July 15, ensuring a smooth transition. The company’s four brands—Renault, Dacia, Alpine, and Mobilize—continue to focus on innovative mobility solutions, with the board highlighting the company’s restored financial health and product range under de Meo’s tenure.
34news.online
34news.online
