Alexander Migl
De Meo held this position for five years. He will depart from the company on July 15 and will maintain his responsibilities until that date.
The board of directors at Renault began the procedure of selecting a new CEO according to a pre-established succession plan.
Le Figaro reports that de Meo is set to become the new CEO of Kering, the French holding company that owns fashion labels like Gucci and Yves Saint Laurent. François-Henri Pinault has led it for the last 20 years, with his family overseeing Kering. He will stay as chairman, as per the newspaper's sources.
Kering stock surged by 8.2% on Monday, whereas Renault shares dropped by over 7%.
source: reuters.com
The board of directors at Renault began the procedure of selecting a new CEO according to a pre-established succession plan.
Le Figaro reports that de Meo is set to become the new CEO of Kering, the French holding company that owns fashion labels like Gucci and Yves Saint Laurent. François-Henri Pinault has led it for the last 20 years, with his family overseeing Kering. He will stay as chairman, as per the newspaper's sources.
Kering stock surged by 8.2% on Monday, whereas Renault shares dropped by over 7%.
source: reuters.com