Reported about 17 hours ago
Luca de Meo, the CEO of Renault, has announced his resignation from the French automotive giant, with reports indicating he is being positioned to lead luxury goods company Kering. Analysts express mixed reactions, noting de Meo's lack of luxury industry experience but acknowledging his strong management style and marketing skills which could benefit Kering, especially as they strive for top-line growth amidst challenges. His departure raises concerns about Renault's future strategic direction and leadership during a critical transition period.
Source: YAHOO