From Yahoo Finance: 2025-06-15 14:23:00

Renault CEO Luca de Meo leaves for new challenges outside the automotive sector, rumored to become CEO of Kering. De Meo led Renault for five years, focusing on electric vehicles and overhauling the alliance with Nissan. French state holds 15% stake in Renault. Kering declines to comment on the report. Speculation about Kering’s future leadership as Pinault may give up CEO role. Kering shares plunge 60% in two years due to profit warnings and changes at Gucci. Renault confirms de Meo’s departure effective July 15. Under Pinault’s leadership, Kering saw growth with Gucci but struggled recently as shoppers lost interest in designs, leading to debt concerns.



Read more at Yahoo Finance: Renault boss De Meo quits, report says he will lead Gucci-owner Kering