US EditionRenault Names Finance Boss Duncan Minto as Interim CEO as It Cuts Margin Guidance
FRANCE, JUL 14 – Renault cut its 2025 operating margin forecast to 6.5% and plans increased cost reductions after weaker sales and market challenges, with Duncan Minto named interim CEO.
- Renault named Duncan Minto interim CEO on Tuesday, replacing Luca de Meo, who resigned to join luxury group Kering.
- The company aims for a full-year operating margin of 6.5 percent, a decrease from more than seven percent previously announced.
- Renault targets free cash flow of £1-1.5 billion, down from over £2 billion previously.
- The search for a permanent CEO is ongoing under the Governance and Remuneration Committee of the Board of Directors.
53 Articles
53 Articles
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