Luca de Meo Resigns as CEO of Renault After Five Transformative Years
CEO Luca de Meo announces his decision to step down from Renault, effective July 15, 2025, to pursue new opportunities outside the automotive industry.
Luca de Meo, the Chief Executive Officer of Renault, has announced his resignation after five years in charge of the French automotive manufacturer, effective July 15, 2025. De Meo, who took the helm at Renault in 2020 after his tenure at Seat, has decided to pursue 'new challenges outside of the automotive sector,' though specific details regarding his next steps have yet to be disclosed.
It is speculated that he may transition into the luxury goods sector.
During his leadership, he has been instrumental in driving the company’s strategic shift towards electric vehicles and restructuring the strategic alliance with Nissan.
In a statement released by Renault, De Meo expressed, 'I have decided that it is time to pass the baton.
I leave a transformed company, prepared for the future, to apply my experience to other sectors and embark on new adventures.' He noted the challenges faced during his tenure, stating, 'We have achieved what many believed was impossible.
Today, the results speak for themselves: they are the best in our history.'
The Renault Board of Directors, led by Chairman Jean-Dominique Senard, has initiated the process for appointing a successor based on a pre-defined succession plan.
Senard acknowledged De Meo's contributions, stating, 'For five years, Luca de Meo has worked to restore the Group Renault to its rightful place.
Under his leadership, our company has regained a solid foundation, boasts an impressive product range, and has resumed growth.'
The announcement of De Meo's departure coincided with reports suggesting that he may be joining luxury group Kering, known for holding brands such as Gucci and Balenciaga, as CEO.
Kering has yet to confirm these speculations.
De Meo's exit marks a significant transition for Renault, which has experienced a notable turnaround in performance under his leadership, turning past losses into record profits within the automotive industry.
His departure has raised questions about the future strategic direction of Renault, particularly as the company prepares to unveil its new strategic plan named 'Futurama,' which De Meo had a hand in developing.
Luca de Meo, 58, previously renewed in 2024 for a second four-year term set to end in 2028, began his career at Renault in 1992, later leading various prominent automotive brands, including a successful tenure at Seat, where he facilitated significant sales growth and developed the CUPRA brand.
His legacy at Renault includes a potent focus on electrification and an ambitious vision for future product offerings.
It is speculated that he may transition into the luxury goods sector.
During his leadership, he has been instrumental in driving the company’s strategic shift towards electric vehicles and restructuring the strategic alliance with Nissan.
In a statement released by Renault, De Meo expressed, 'I have decided that it is time to pass the baton.
I leave a transformed company, prepared for the future, to apply my experience to other sectors and embark on new adventures.' He noted the challenges faced during his tenure, stating, 'We have achieved what many believed was impossible.
Today, the results speak for themselves: they are the best in our history.'
The Renault Board of Directors, led by Chairman Jean-Dominique Senard, has initiated the process for appointing a successor based on a pre-defined succession plan.
Senard acknowledged De Meo's contributions, stating, 'For five years, Luca de Meo has worked to restore the Group Renault to its rightful place.
Under his leadership, our company has regained a solid foundation, boasts an impressive product range, and has resumed growth.'
The announcement of De Meo's departure coincided with reports suggesting that he may be joining luxury group Kering, known for holding brands such as Gucci and Balenciaga, as CEO.
Kering has yet to confirm these speculations.
De Meo's exit marks a significant transition for Renault, which has experienced a notable turnaround in performance under his leadership, turning past losses into record profits within the automotive industry.
His departure has raised questions about the future strategic direction of Renault, particularly as the company prepares to unveil its new strategic plan named 'Futurama,' which De Meo had a hand in developing.
Luca de Meo, 58, previously renewed in 2024 for a second four-year term set to end in 2028, began his career at Renault in 1992, later leading various prominent automotive brands, including a successful tenure at Seat, where he facilitated significant sales growth and developed the CUPRA brand.
His legacy at Renault includes a potent focus on electrification and an ambitious vision for future product offerings.
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