The head of Renault spoke about the restructuring plan

The head of Renault spoke about the restructuring plan

September 4, 2020 0 By autotimesnews

New CEO Luca de Meo has just taken the helm of Renault, but is already making major adjustments to the company’s operations. He does this with the help of a restructuring plan, about which a little more is now known.

From a financial point of view, the Renault Groupe is far from ideal, which is why Luca de Meo wants the focus to shift from the pursuit of increased volume to the pursuit of value and profitability. To this end, all brands in the group must use a targeted approach. Therefore, De Meo decides to put all sub-brands within the Renault Groupe on his own feet.

“A four-brand organization needs to embark on a more market- and customer-centric business to achieve the best possible result,” explained the French brand’s CEO.

While the proverbial “dark clouds are gathering” over the sporty Alpine, DeMeo has already made it clear that the brand has nothing to worry about. This is supported by new reorganization plans, which include Alpine. Renault, Dacia, Alpine and New Mobility will become the new core groups at Renault. Luca de Meo will remain in charge of Renault, Denis le Vot will be in charge of Dacia, and Cyril Abiteboul, known as the head of the Renault F1 team, will take care of everything at Alpine. Former Renault CEO Clotilde Delbos is involved in New Mobility.

Branches that are now part of these new four main groups in the current composition of the company will be included in the restructuring plan. The final plan, including the action plan, will be presented to the board of directors shortly.