Renault names ex-Seat chief De Meo as CEO for post-Ghosn era

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Renault names ex-Seat chief De Meo as CEO for post-Ghosn era
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Luca de Meo, a marketing specialist, will need to repair the French carmaker's troubled alliance with Nissan. FMTNews

PARIS: French auto giant Renault on Tuesday named former Volkswagen director Luca de Meo its chief executive as it seeks to regain its footing after a year of turmoil sparked by the arrest of Carlos Ghosn.

The board of Renault believed that De Meo, “through his career, his experience and his success in his previous functions, combines all the qualities to contribute to all aspects of Groupe Renault’s development and transformation,” the company said. “I am delighted with this new governance, which marks a decisive step for the Group and for the alliance,” Senard said in a statement, hailing De Meo as “a great strategist and visionary of a rapidly changing automotive world.”Along with Delbos, “they will form a high-quality, multi-talented team equal to Renault’s ambitions,” he added.

The alliance was pushed to the brink following Ghosn’s shock arrest in Tokyo in November 2018 on charges of financial misconduct, including under-reporting millions of dollars in salary.

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