“It’s a personal decision and I don’t escape.” The day after the surprise announcement of his departure, Luca de Meo went to an internal letter, in English, to Renault’s employees (renamed the “Renuutioners”, named for his strategic transformation plan launched in 2021). Letter that BFMTV could consult.
“In a completely different sector”
The Italian boss gives a small (very small) more details about his future, explaining “soon [s’]Embarcate in a new processing challenge, in a completely different sector. A sector that [lui] I will ask to learn and grow once again. “
After having done his entire career in the automotive industry, Luca De Meo, 58, is expected to become the general manager of Kering, a luxury giant in difficulty, according to Figaro’s information.
Direct Renault will have been “the greatest privilege of [sa] Professional Life, “explains this marketing specialist, who went through Fiat (2002-2009) and in the Volkswagen Group (2009-2020).
The margin of the Renault group went from -0.8% in 2020, the year of its arrival marked by the pandemic, with 7.9% in 2023.
At the same time, the Renault On the Stock Market course has almost doubled (from 22.6 euros to 43 euros), while the Italian leader reoriented the brand in more profitable segments, such as compact SUVs, while maintaining a strategy to reduce the fixed costs initiated before his arrival. The announcement of his departure fell the course of the action on Monday.
“The best product range in three decades”
At the time of the balance, Luca de Meo believes that Renault presents “the best range of products in three decades” and will be well positioned with “the futurama plan committed to succeeding the Reluction Plan.” This prayer also confirms that the new Futurama Strategic Plan must be presented soon despite its departure.
As I had done in Fiat, launching the new 500, by Meo Drew of the brand’s roots with a diamond to relaunch the Renault 5 (car of the year 2025), the Renault 4 and soon the new Twingo.
During the presentation of the financial results, De Meo indicated that this plan must, in particular, allow Renault to be extracted from cyclicity pain, while the group “has never known two positive cycles.”
This task must be performed by another. Several names are circulating to happen, while the group has already launched the recruitment process of its next managing director.
Source: BFM TV
