De Meo leaves the helm of the Renault Group. Le Figaro: he will be ceo of Kering
Surprise farewell of Renault CEO after 5 years at the helm and excellent results
3' min read
3' min read
Renault's 'patron' from 2020, Luca de Meo, has left the French car manufacturer and according to press rumours could become general manager of the luxury group Kering, whose CEO, François-Henri Pinault, has decided to split the top management functions.
The news of his farewell to Renault was anticipated by the French newspaper Le Figaro, but was later officially confirmed. After five years at the helm of the automotive group, de Meo has therefore announced his decision to step down and take on new challenges outside the automotive sector.
Renault's board of directors, convened by chairman Jean-Dominique Senard, expressed their gratitude to him for the relaunch and transformation of the Group and agreed that his resignation would take effect on 15 July 2025.
"The board of directors," reads a Renault Group note, "has started the process of appointing a new CEO on the basis of the succession plan already defined and has expressed confidence in the quality and experience of the management team to continue and accelerate the Renault Group's transformation strategy in this new phase.
De Meo: I leave a restored and transformed company
'There comes a time in life when you know the job is done,' said De Meo. 'In the Renault Group, we have taken on 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,' he continued, '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 that the time has come to pass the baton. I leave a transformed company, ready for the future, to put my experience in other sectors to good use and embark on new adventures'.
