Renault Director Luca de Meo leaves the company
According to Renault reported, in mid -July the company will leave their executive director Luca de Meo. He is expected to look for new challenges outside the automotive industry.
As Reuters, he transfers the allegations of French Le Figaroja, Luca de Me is expected to run a company of luxury products in the future. The current first man of this company Francois–Henri Pinault He was looking for his successor for a long time.
They did not want to comment on the statements yesterday in Kering. The company has various prestigious fashion brands in its portfolio, such as Gucci, Yves-Saint Laurent or Balenciaga. Especially with Gucci, which represents half of their business, it is not good for them recently.
58-year-old Italian Luca de Meo has led Renault for 5 years and successfully raised it from a challenging period that followed the arrests of previous longtime chief Carlos Ghosn.
After being in the corona crisis in major financial difficulties, under the leadership of De Mea, the company managed to renew and prepare a rather successful model range of Renault’s home brand, while also managing to strengthen the low -cost Dacia brand.
De Meo also had a difficult task of establishing better relationships with Japanese partner Nissan, who was dissatisfied with his position under Ghosn. The Alliance has been released capital, participating in various technical or model projects. Unlike Renault, Nissan continues to be in considerable financial problems.
Renault is not talking about the successor to De Mea yet.
