Renault appointed Francois Provost as CEO to navigate tough competition and weak demand. Provost, previously head of partnerships, played a key role in Renault’s transformation plan. The automaker, facing challenges in Europe, cut its full-year margin forecast and plans further cost-cutting measures. Provost’s experience in building partnerships and overseas work make him a strategic choice for Renault’s future plans.

Read more at Yahoo Finance: Renault taps insider Provost as new CEO to keep growth strategy on track