Overview

• The board approved Provost’s appointment on July 31 after its Governance & Remuneration Committee recommendation.
• Provost replaces interim CEO Duncan Minto following Luca de Meo’s move to Kering and joins the boards of Renault S.A. and Renault s.a.s.
• In his first act, he presented half-year results showing revenue up 2.5% to €27.6 billion and operating profit down to €1.65 billion.
• Non-cash adjustments from the Nissan partnership and losses at associated companies drove a net loss of €11.1 billion.
• He signaled a focus on countering Chinese automakers and noted a 57% rise in European electric-vehicle sales.