Explore more
Kering appoints Luca de Meo
Digest more
Top News
Overview
Impacts
While fixing French carmaker Renault SA, Chief Executive Officer Luca de Meo pursued a hobby that would feed into his next job as CEO of Kering SA: A taste for the finer things in life, particularly Swiss watches.
Luca de Meo's departure from Renault likely to cause near-term uncertainty as analysts debate whether it will impact its growth strategy and make investors cautious.
The head of Renault’s budget brand Dacia, Denis Le Vot, is a frontrunner to become chief executive at the French carmaker, following the shock announcement of Luca de Meo’s exit for luxury group Kering.
The luxury group confirmed speculations reported by a number of media outlets this weekend. Pinault will retain his role as Kering chair.
The former chief executive of the carmaker Renault will replace Francois-Henri Pinault as the struggling company seeks a turnaround.
WHO IS HE? De Meo, 58, is from Milan, Italy, and has more than 30 years' experience working in the automotive sector. He graduated from the Luigi Bocconi Commercial University wit
The struggling French luxury group is set to name Renault Chief Executive Luca de Meo as CEO, replacing Francois-Henri Pinault, people familiar with the matter said.
Luca de Meo, Renault’s CEO, is the powerhouse of the European car industry. Five years ago – in the summer of Covid-19 – he was appointed to salvage the French car maker, which had just posted a 7.3-billion Euro loss (more than £6 billion).
Feedback