Luca de Meo, 58, will lay down his position as CEO of the Renault Group on July 15th. As the French daily newspaper Le Figaro reports, the Italian manager is considered a potential candidate for the CEO post at the luxury group Kering. His chairman François-Henri Pinault plans to separate the roles from the chair and management in the future.
The news about de Meos was announced during a meeting of the board of directors on Sunday. The manager based in Paris made his decision in coordination with the committee. The board of directors, chaired by Jean-Dominique Senard, thanked De Meo for his achievements in the successful renovation and strategic realignment of the group.
“The Board of Directors initiated the process for the appointment of a successor on the basis of the existing successor plan. He confirmed his confidence in the competence of the management team to continue and accelerate the transformation strategy of the Renault Group in the next phase,” said Renault in a statement published on Sunday evening.
De Meo himself explained: “There is a time in life when you know that the work is done. In the Renault group we have mastered immense challenges in less than five years-we achieved what many thought was impossible. Today the results speak for themselves: They are the best in our history.”
Who is the potential kering CEO?
Born in Milan, he is considered a profiled industry expert with more than 30 years of experience in the automotive industry. De Meo was born in 1967 and studied business administration at the University of Bocconi in Milan. In 2017 he was appointed “Alumnus Bocconi of the Year”.
His career began at Renault in 1992. This was followed by stations at Toyota Europe and at the Fiat Group, where he was responsible for the brands Lancia, Fiat and Alfa Romeo, among others, and worked as the managing director of Abarth and as marketing director of the Fiat Group.
In 2009, De Meo, as a marketing director, switched to the Volkswagen Group, in 2012 he became a member of the Audi board with responsibility for sales and marketing. From 2015 to 2020 he was President of the Seat and Cupra brands. He has headed the Renault Group as CEO since July 2020, and since January 2021 he has also been a member of the Board of Directors.
Should de Meo switch to Kering, he would take over the luxury group in a phase of financial turbulence. The company is fighting with persistently weak results, especially with its most important Gucci brand. In the first quarter of 2025, Kering recorded a drop in sales of 14 percent after the net profit for the 2024 financial year broke up by 62 percent.
Fashionunited asked Kering for a statement.
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