Renault will change CEO

Renault will change CEO

January 27, 2020 0 By autotimesnews

Renault may appoint a new CEO in anticipation of a decisive meeting in Japan on Thursday.

The Renault Board of Directors gave the green light to Luca de Meo, allowing him to become the new CEO, although how reliable this information is is unknown. A Renault spokesman declined to comment.

De Meo, who rose in the ranks of the Volkswagen Group to manage his Spanish brand Seat, has been a leader for months. This month, he resigned as CEO of Seat, but remained with the VW Group.

De Meo “is probably in talks with Renault,” VW CEO Herbert Diss said last week in Davos. Without endorsing the name de Meo, Renault chairman Jean-Dominic Senard said the announcement could come in a few days.

In October, Renault ousted Thierry Bollor from his post of CEO and appointed Clotilde Delbos as interim CEO.

A year after Senard replaced Ghosn – who was arrested in Tokyo in 2018 on charges of financial misconduct – Renault chairman is trying to draw a line under the turmoil that nearly broke the two-year alliance. He said a series of measures will be presented at an alliance meeting later this month to deepen operational ties between automakers.