Renault Group CEO Luca de Meo Steps Down, Leaving a Void in the Automotive Industry
The automotive world was rocked by the sudden announcement of Renault Group CEO Luca de Meo’s departure. De Meo, who took over the reins at Renault in July 2020, has been credited with transforming the company and steering it away from the brink of collapse caused by the Covid-19 pandemic.
Stephen Reitman, an automotive analyst at the bank Bernstein, expressed his sadness at de Meo’s decision to leave the industry altogether for a role in the luxury goods world, specifically as the head of Gucci owner Kering. “Luca de Meo’s departure is unequivocally a blow to Renault,” Reitman said. “We are saddened by the loss.”
De Meo’s departure is not just a resignation; it is a significant loss for Renault. Since his appointment, de Meo has had an enormous impact on the company, implementing changes and strategies that have helped Renault navigate through challenging times.
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