Renault CEO Luca de Meo Resigns Effective July 15

Luca de Meo, CEO of Renault Group, has announced his resignation effective July 15, 2025, to pursue new challenges outside the automotive sector, reportedly taking over as CEO of luxury group Kering. During his five-year tenure, de Meo led significant restructuring and a strategic shift at Renault focused on profitability and electrification, including the rebranding of Renault's Formula 1 team as Alpine. Despite these efforts, the Alpine F1 team struggled with inconsistent results, frequent leadership changes, and will transition to Mercedes power units after Renault discontinued its in-house F1 engine program by 2026. Flavio Briatore, acting principal of the Alpine F1 team, stated de Meo's departure will not change the team's operations. Renault's board expressed confidence in the current management to continue the company's transformation. De Meo's departure marks a notable loss for the automotive industry, with many praising his leadership during challenging times following the Carlos Ghosn crisis.