Luca de Meo Named Kering CEO Amid Overhaul

Luca de Meo has formally announced his resignation as CEO of Renault Group, effective July 15, 2025, after leading a significant turnaround that focused on electric vehicles and revitalized brands like Alpine and Dacia. He will become the new CEO of luxury conglomerate Kering, which owns brands such as Gucci and Yves Saint Laurent, replacing Francois-Henri Pinault as part of a governance overhaul that separates the chairman and CEO roles. The announcement triggered a rise in Kering's share price and a decline in Renault's stock, reflecting investor reactions to the leadership changes. Renault praised de Meo's transformative impact and strong results, and its board has begun searching for his successor. Kering, which has recently struggled with declining share value and challenges at Gucci, hopes de Meo's appointment will restore confidence. De Meo expressed pride in leaving Renault 'transformed and poised for the future.'