After five years at the helm of the Renault group, Luca de Meo has announced his decision to resign from the office of CEO “to face new challenges to outside the automotive sector“. Announcement of the group announces it.
“The Board of Directors, brought together by President Jean -Dominique Senard – reads the note – thanked Luca De Meo for the recovery and transformation of the Renault group and has agreed that his resignation will take effect from 15 July 2025. Luca De Meo will keep his role until that date”.
The Board of Directors “started the process of appointment of a new CEO on the basis of the previously defined succession plan”, and “has expressed confidence in the quality and experience of the management team to pursue and accelerate the transformation strategy of the Renault group in this new phase”.
De Meo’s future in Kering
In fact, in the future of De Meo, who will remain at the Renault summit until next July 15, there is the luxury giant Dryof which it will become CEO, As anticipated yesterday by ‘Le Figaro’. Francois-Henri Pinault, majority shareholder and current CEO of Kering, has in fact prepared the land for succession, with the decision to separate the functions of President and CEO of the family group, thus paving the road to De Meo to take the guidance of the French fashion giant.
How the markets responded
Destinies opposed to the Paris bag For Renault and Kering. The title of the French giant of Luxury salt of 7.12% to 184.96 euros per share, While Renault goes beyond of 6.16% to 40.40 euros.