Renault CEO Luca de Meo to Step Down
Renault RNO -1.62%decrease; red down pointing triangle Chief Executive Luca de Meo plans to step down in mid-July and pursue new challenges outside the automotive industry, after having led the French carmaker for five years.
Renault said Sunday that its board of directors accepted his departure, effective July 15, and expressed their gratitude to deMeo for the turnaround he achieved. De Meo will continue to perform his duties until that date, the company said.
Renault said the board had initiated the process of appointing a new CEO based on a succession plan.
Write to Kosaku Narioka at kosaku.narioka@wsj.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
14 minutes ago
- Bloomberg
Romania Set for Biggest Wheat Crop Since 1997, Argus Says
Romania is expected to see its largest wheat harvest in records dating back to 1997 in the next season, setting it up for another year as one of Europe's top exporters. Output is expected to reach 12.2 million tons for the 2025-26 season that starts in July, Argus Media said in a forecast after a crop tour earlier in June. That compares to an estimated 10.2 million tons in the current season.
New York Times
23 minutes ago
- New York Times
Investors Brace for Oil Market Fallout
Andrew here. Greetings from Cannes, France, where the Cannes Lions International Festival of Creativity, the advertising industry's biggest gathering, kicks off on Monday. The A.I. debate is a huge issue, as we explained on Saturday. There's another topic that's being discussed here. The U.S. government is considering approval for the merger of Interpublic and Omnicom — but only if the Madison Avenue giants pledge not to engage in political boycotting of any particular platforms when they consider buying ad space for their clients. The Trump administration argues such boycotts are a restraint of trade and, perhaps, on free speech. In the age of the Supreme Court's Citizens United decision, which gave companies power to influence politics — and was supported by Republicans — is it ironic to now see the administration taking the opposite approach? Here's a thought experiment: A client hires an agency, which genuinely believes the client shouldn't advertise on a specific website because it presents a potential risk to that brand's safety or public image. This new provision, depending on how it's interpreted, could make it near impossible for an agency to live up to that professional obligation. If you were this firm's client, would you remain one? Please let me know your thoughts. Oil in focus A sense of calm has returned to global markets even as Israel and Iran clashed for a fourth day. Israeli missile strikes are increasingly targeting Iran's oil and gas facilities, including those at South Pars, a major gas field. Want all of The Times? Subscribe.
Bloomberg
29 minutes ago
- Bloomberg
US Allies and Adversaries Are Dodging Trump's Tariff Threats
Donald Trump has a clear, uncomplicated notion of how things should work. He tells everyone what to do, and they do it. In this world, law firms stop representing his accusers. Universities cede him control of admissions and curriculum. Europe and China swallow his tariffs. Corporations move their factories to the US. Ukraine surrenders to Russia. Denmark hands him Greenland. Panama hands him the canal. To the president's daily fury, the world outside his head isn't always cooperating. Harvard University has forcefully fought back against his attempt to take charge of the school. After some major law firms buckled under his threats, others are now resisting. Trump has whipsawed between escalation and retreat on tariffs when other nations have refused to go along. Russian President Vladimir Putin has ignored his demands to end the bloodshed in Ukraine, and for months Chinese President Xi Jinping all but gave him the silent treatment. Fired federal workers, immigrants targeted for deportation without due process and others who've sued to challenge his actions are winning support from courts, including some presided over by Trump-appointed judges.
