Core Points - Luca de Meo has announced his decision to step down as CEO of Renault Group after five years, effective July 15, 2025, to pursue new challenges outside the automotive sector [1][2] - The Board of Directors expressed gratitude for de Meo's leadership, highlighting the turnaround and transformation of Renault Group during his tenure [2][4] - The management team is expected to continue and accelerate the transformation strategy of Renault Group in the upcoming phase [3] Company Performance - Under Luca de Meo's leadership, Renault Group has returned to a healthy foundation, boasting an impressive range of products and resuming growth [4] - The company achieved its best results in history during de Meo's tenure, indicating significant progress and success [5] Future Outlook - Renault Group is committed to an ambitious transformation focused on developing new technologies and services, as well as a new range of competitive, balanced, and electrified vehicles [7] - The Group aims to achieve carbon neutrality in Europe by 2040, aligning with environmental challenges [7] Company Overview - Renault Group operates in 114 countries and sold 2.265 million vehicles in 2024, employing over 98,000 people [6]
Announcement regarding the governance of Renault Group
Globenewswire·2025-06-15 18:26