Overview

• De Meo’s five-year tenure delivered the Renaulution plan, restructuring Renault, electrifying its lineup and restoring profitability to record levels.
• He is expected to join luxury group Kering after July 15, with Francois-Henri Pinault preparing to separate his chairman and CEO duties and hand over executive control.
• Renault’s board under chairman Jean-Dominique Senard has activated a defined succession plan to identify the company’s next chief executive.
• De Meo’s exit raises questions about future funding and strategic support for the Alpine Formula 1 team, which he had overseen through rebranding and investment decisions.
• Kering, which has faced pandemic-era headwinds, will look to De Meo to spearhead a turnaround of its high-end fashion and accessories brands.