François Provost, 57, has been appointed CEO and director of Renault Group for a four-year term. He replaces Luca de Meo, who left in June to join luxury goods group Kering. Previously chief procurement, partnerships and public affairs officer, Provost has been with the Renault Group for 23 years.
“It is with pride and gratitude that I welcome my appointment. I will dedicate all my energy and passion to contributing – alongside our 100,000 employees, our dealers, suppliers, and partners – to the development of our Group, one of the flagships of French industry for the past 127 years,” Provost said in a statement.
“Renault Group benefits from strong fundamentals, with committed teams, an outstanding range of products, strong brands, and an innovative organisational model. These will be invaluable assets as we accelerate our transformation in an increasingly demanding environment for our industry,” he added.
“I am confident that François Provost will lead the Group with discernment and determination in an environment that demands both rigor in execution, strategic vision, and the ability to innovate. In this rapidly changing industry, his determination and sense of responsibility will be true assets to guide the teams and sustain our momentum.
“Thanks to his expertise and knowledge of the company, we will be able to complete the implementation of our strategic plan, finalise the terms of the next one, and ensure its successful execution,” Renault chairman Jean-Dominique Senard said.
Reuters writes that although Renault’s focus on Europe (>70% of its sales) has largely shielded it from Trump’s tariffs, the continent’s slow growth has led to weaker-than-expected June volumes, which made the company cut its full-year margin forecast and increase cost-cutting measures.
Looking to sell your car? Sell it with Carro.
Renault need BYD CEO like Wang Chuanfu to turn around Renault. yellow is more capable than white la.