Renault CEO Luca de Meo Announces Departure After Five-Year Tenure
Renault CEO Luca de Meo announces his departure to pursue new opportunities, including a potential role at Kering.
Key Points
- • Luca de Meo will leave Renault effective July 15, 2024.
- • He plans to pursue challenges outside the automotive sector, possibly at Kering.
- • Jean-Dominique Senard praised De Meo's leadership and revitalization efforts at Renault.
- • De Meo previously held significant positions at Fiat and Volkswagen before joining Renault.
Luca de Meo, the CEO of Renault, has announced that he will be departing from the company after five years, with his official exit slated for July 15, 2024. According to a statement from Renault, De Meo is leaving to pursue "new challenges" outside the automotive sector. Reports suggest that he is expected to become the CEO of the luxury group Kering, succeeding François-Henri Pinault following a management reshuffle.
Jean-Dominique Senard, chairman of Renault, expressed his gratitude towards De Meo's leadership, highlighting his significant contributions in revitalizing the company. Under De Meo's stewardship, Renault has not only developed a robust product lineup but also returned to a positive growth trajectory. Senard emphasized that De Meo's efforts were instrumental during challenging times, particularly following the Carlos Ghosn scandal which rocked the company in the past.
At 58 years old, De Meo has an extensive background in the automotive industry, having previously worked at Fiat and Volkswagen, where he is credited with launching the popular Fiat 500 and reinvigorating the Seat brand. His role at Renault began during a crucial transition for the automaker, focusing on enhancing its position in the market and accelerating its electrification strategy. De Meo's departure aligns with Renault's strategy to remain responsive and adaptable within the rapidly changing automotive landscape while also highlighting the ongoing shifts within corporate leadership in the sector.