US EditionRenault chief executive Luca de Meo steps down to lead Kering
- Renault CEO Luca de Meo announced he will leave the French carmaker effective July 15, 2025, to pursue new challenges outside automotive.
- De Meo's departure follows tensions in Renault's alliance with financially troubled Nissan and comes amid a challenging period for European carmakers.
- De Meo led Renault for five years, turning around the company while focusing on electric vehicles and revising the long-standing Nissan partnership.
- Reports state De Meo will succeed Francois-Henri Pinault as CEO of luxury group Kering, which owns Gucci and faces its own financial turnaround needs.
- De Meo’s move signals a major leadership change at Kering as it battles declining Gucci sales, a 60% share price drop, and over 10 billion euros in debt.
239 Articles
239 Articles
By slamming Renault's door for Kering's luxury, the iconic and talented Managing Director, Luca de Meo, illustrates the versatility of a new generation of bosses. Like the employees, the latter no longer attach themselves. They pass, cash and leave. Is this the end of the era of the French captain of industry, taking shape with his company and his teams? Analysis.
Meet the new CEO of Gucci's parent company, who has a big turnaround job ahead
Luca de Meo, the former CEO of Renault Group, took the top job at Kering.AP Photo/Thibault CamusGucci's parent company, Kering, appointed Renault's former CEO, Luca de Meo, as its chief executive.De Meo is set to start the new role in September.Kering has faced a difficult few quarters with revenue declines and a major stock price dip.Gucci's parent company just got a new boss to steer it through a rough patch.Kering, which also owns YSL, Botteg…
He can save brands and rebuild corporations: now the Italian Luca de Meo is to put the luxury brand Gucci back on track. The Renault boss leaves the French car manufacturer in the middle of a strategic conversion.
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Struggling Gucci owner names new CEO
French luxury group Kering announced Monday that it had appointed Luca de Meo, who helped drive automaker Renault out of crisis, its new chief executive as it tries to turn around the fortunes at its struggling flagship brand Gucci.
Luxury Gambit: Kering's Bold Leadership Move with Renault CEO
In a strategic move, Francois-Henri Pinault has appointed Renault's Luca de Meo as Kering's new CEO to combat declining sales and mounting debt. Despite lacking luxury sector experience, de Meo's turnaround success at Renault is expected to bring a fresh perspective to Kering's financial challenges, including its plans for Valentino.
The first words of the manager: "I would like to thank François-Henri Pinault and the cda for choosing me to lead Kering in this new phase of development"
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