Renault selects ex-Volkswagen executive as new CEO

Renault selects ex-Volkswagen executive as new CEO
Luca de Meo is the new leader of the Renault Groupe
As Renault continues to move forward amidst the fallout from the Carlos Ghosn fiasco, the French automaker has appointed a new leader to steer the company in the future.
Effective July 1, 2020, the Renault Board of Directors, under the leadership of Jean-Dominique Senard, has appointed Luca de Meo as the CEO of the company. The Board expressed their full confidence with de Meo, stating that his career experience and his success in previous roles in other auto brands will contribute to the company's development and transformation.
"I am delighted with this new governance, which marks a decisive step for the Group and for the Alliance. Luca de Meo is a great strategist and visionary of a rapidly changing automotive world. His expertise but also his passion for cars make him a real asset for the Group," said Senard.
Luca de Meo is set to succeed Thierry Bollore (pictured below), who was appointed as the temporary CEO last January 2019 after Ghosn was detained in Japan. Ghosn, however, was able to flee the country and is now currently in Lebanon.

This is not the first time de Meo got to work at Renault. The 52-year old executive actually first started out in the French auto brand 25 years ago. He then joined Toyota Europe, and then with the Fiat Group where he managed the Lancia, Fiat and Alfa Romeo brands.
In 2009, he joined the Volkswagen Group as Marketing Director for passenger cars, and the Volkswagen Group itself. Then in 2012, de Meo held the position of Member of the Board of Directors in charge of Sales and Marketing at Audi AG. After his stint at Audi, de Meo became the Chairman of the Executive Committee of SEAT from November 2015 up until January 2020. He also was a member of the Supervisory Boards of Ducati and Lamborghini, Chairman of the Board of Directors of the Volkswagen Group in Italy.
With de Meo's vast experience in the automotive industry, as well as having a broad knowledge of various auto brands, the Italian-born executive will have plenty to offer on Renault's plate. And with the company itself still reeling after Ghosn's departure, perhaps de Meo will be able to steer the company away from the recent controversies.
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