France expects Renault to name new CEO in a few days

Europe

PARIS — French Finance Minister Bruno Le Maire said on Tuesday he expected Renault to name its new CEO in a few days.

Luca de Meo, who stepped down as the head of Volkswagen Group’s Seat brand last week, is seen as a frontrunner for the job, although a stringent non-compete clause in his contract with VW Group may prove a hurdle, sources have told Reuters.

Le Maire also said on French CNews TV that media reports that some Nissan executives wanted to break up the alliance with Renault were “malicious.”

Renault’s board ousted Thierry Bollore, a Ghosn-era appointee, as CEO in October.  The automaker’s finance chief, Clotilde Delbos, is interim chief executive.

Products You May Like

Articles You May Like

Polestar SPAC deal raises $890 million; trading on Nasdaq New York set to start Friday
Dodge poised to promote electrified future
Germany rejects EU plan to ban new fossil-fuel cars from 2035
Electric bike motor maker Bafang unveils new 3-speed automatic shifting hub transmission
Cadillac Celestiq Luxury EV May Cost Up To $300,000

Leave a Reply