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Renault Appoints François Provost as CEO and Affirms Alpine F1 Commitment

Renault chose Provost to steer its Renaulution plan to restore 6.5 percent margins in a slowing European market

Renault Group's CEO Luca de Meo and Francois Provost, Chief Purchasing Officer and Managing Director of APO at Renault, arrive for a visit at the Renault Sandouville car factory, near Le Havre, France, March 29, 2024. REUTERS/Sarah Meyssonnier/File Photo
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François Provost, Renault procurement director, has been named as the head of the French car giant

Overview

  • François Provost, a 23-year Renault veteran and former chief of procurement, partnerships and public affairs, officially took the helm on July 30 after an interim period under CFO Duncan Minto.
  • In his first public remarks, Provost confirmed that Renault will continue fielding the Alpine F1 team and shift to Mercedes power units under the sport’s 2026 regulations.
  • The new CEO inherits a revised full-year operating margin forecast of around 6.5 percent following weaker retail sales across Europe.
  • Provost was instrumental in launching the Renaulution strategy’s Ampere electric-vehicle and Horse hybrid subsidiaries and securing partnerships with Geely and Saudi Aramco.
  • He faces intensifying competition from Chinese EV entrants, the challenge of rebalancing ties with Nissan and the push to expand beyond Europe into emerging markets.