Overview

• Luca de Meo will step down as CEO of Renault on July 15 after five years leading the company
• He is expected to assume the chief executive position at luxury conglomerate Kering following a decision by François-Henri Pinault to separate the chairman and CEO roles
• Renault’s board has activated its predefined succession plan and launched the search for a new CEO ahead of his departure
• Under de Meo’s leadership since 2020, Renault restored its financial health, broadened its product lineup and advanced its electrification strategy
• Kering, owner of Gucci, Yves Saint Laurent and Balenciaga, will integrate de Meo’s automotive expertise as it navigates a challenging luxury market