Kering will propose a 20 million euros ($22.89 million) signing-on bonus for its new CEO Luca de Meo, adding to an overall ...

Renault named Francois Provost as CEO on Wednesday, opting for a low-profile insider to steer the French carmaker through growing competition and weak demand that triggered a profit warning earlier ...

Luca de Meo will leave the Renault Group, which he has been leading since July 2020, "to take on new challenges outside the automotive sector." His voluntary resignation as CEO will be effective ...

Kering shares gained around 5% on trading platform Tradegate by 0606 GMT and Renault shares fell around 3%. De Meo will leave Renault in mid-July, Renault said.

When Luca de Meo became Renault’s CEO in the summer of 2020, the group had just posted a €7.3billion loss and was on the verge of collapse as the world economy shuddered to a halt during the ...

Renault is unlikely to return to Formula 1 as a works engine manufacturer unless the rules are simplified, group CEO Luca de Meo says. F1 engine makers who are still preparing for the radical new ...

De Meo said Renault were spending 200-250 million euros ($220.5-275.7 million) a year on engine production at the Viry-Chatillon facility outside Paris, while buying an engine from another ...

De Meo, 52, will take up the post on July 1, Renault said in a statement on Tuesday. He replaces Clotilde Delbos, who took over as Renault's interim CEO after Bollore stepped down in October.

Renault also said Dec. 16 it’s appointing Celeste Thomasson, a former Safran SA and Geodis SA executive, as chief audit and risk officer, reporting to de Meo.

Mr. de Meo will take office on July 1, Renault said. Until then, Clotilde Delbos, Renault’s chief financial officer, will remain interim chief executive.

De Meo has looked to give Renault, Dacia and sports car brand Alpine more distinctive identities within the carmaking group, at a time when competition in electric vehicles is heating up globally.

According to Renault themselves, de Meo will receive a salary package of roughly 5.8 million euros ($6.33 million), with a fixed compensation of 1.3 million euros ($1.42 million) for this year ...