Renault CEO, Luca de Meo has announced that he will step down from his role, effective from July 15, after 5 years at the head of Renault Group.
Following the announcement, Renault’s Board of Directors has initiated the process of appointing a new Chief Executive Officer based on the company’s already defined succession plan.
In a statement, Luca de Meo told investors, “There comes a time in one’s life when one knows the job is done. At Renault Group, we have faced 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 a strong team and an agile organization. We also have a strategic plan ready for the next generation of products. That is why I have decided it is time for me to hand over the baton. I am leaving a transformed company, poised for the future, to apply my experience to other sectors and embark on new adventures.”
Renault Chairman, Jean-Dominique Senard, stated, “For five years, Luca de Meo has worked to restore Renault Group to its rightful place. Under his leadership, our company has returned to a healthy foundation, boasts an impressive range of products and has resumed growth. Besides being an exceptional captain of industry, Luca de Meo is also a creative, committed, passionate and inspiring individual. Today, the entire company joins me in thanking him for all these years and all the collective challenges successfully met.”
Luca de Meo is to pursue a role outside the auto industry, with Kering Luxury Group.
By CEO NA Editorial Staff
