The Renault Group is looking for a new CEO following a surprising decision by Luka de Mayo after five successful years in the French brand helmet. Earlier, during the five -year tenure, he joined the Renault in July 2020, after participating in the height of the Volkswagen Group’s seat brand. At that time, the company faced major challenges, including a record net loss of $ 37.3 billion in the first half of the year.
However, D Meo was able to restore renal by focusing on high margin products and reducing development times. Its “Regional” Turn Round Plan founded a living lineup focused on SUV, at the cost of slow -selling models. Renault 5 was born as an EV, then soon the cross -overdose was in Renault 4. Additionally, Tongo is about to return as a brand entry level electric car next year.
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De -Mayo’s efforts to help back the renal bounce include strengthening the presence of Desiya in Europe by launching the Bigster Compact SUV. In 2026, a low -cost electric model built in Europe is expected, which will potentially replace China’s made spring and potentially serve as a cheap version of Tongo.
Investing in Alpine has achieved only the future of the niche brand, which has many EVs on the horizon. The A290 Hot Hachback was recently included with the A390 crossover, and the successor of A110 has been planned at the end of this decade. Alpine Sports also plans to launch 2+2 different forms of car, called A310, as well as a large SUV in the North American market.
De Mayo is leaving to advance any character outside the automotive industry Le Fagaro Reporting, he will become a new CEO of Kreing. The French multinational holding company specializes in luxury equipment and owns brands like Gachi, Blancaga, and Yos St. Laurent.
The Board of Directors of the Renault Group is now looking for a successor, the last day of De Mayo is set on July 15. The 58 -year -old Italian executive proud of their achievements in leading the company with the Diamond Logo:
“There comes a time in someone’s life when someone knows that work has been done. In the Renault Group, we have faced many challenges in less than five years! We have considered many people impossible. Today, the results speak themselves: they are best in our history.”
