Luca de Meo resigns as CEO of Renault to pursue 'new challenges'

Luca de Meo announced on Sunday, June 15, that he is leaving Renault to pursue 'new challenges'. This news comes shortly after it was revealed that he would become the new chief executive of the luxury group Kering.

De Meo has led the French car brand for five years, overseeing a strategic shift towards electric vehicles and the restructuring of the firm's strategic alliance with Nissan. "Luca de Meo has expressed his decision to resign to take on new challenges outside the automotive sector," the company stated in a release.

This information was made public by the company shortly after the newspaper 'Le Figaro' reported that De Meo planned to join the luxury group Kering, owner of brands such as Gucci, Yves Saint Laurent, and Balenciaga, as chief executive. However, Kering has declined to comment on the matter at this time.