Renault Appoints François Provost CEO Amid Industry Challenges

Renault has appointed François Provost as its new CEO, effective July 31, 2025, following the departure of Luca de Meo, who left to join the luxury group Kering. Provost, a long-standing Renault executive with 23 years of experience, is credited with leading transformative initiatives under de Meo and is expected to steer Renault through increasing competition, particularly in the evolving electric vehicle market. Under his leadership, Renault aims to prioritize value creation over volume and accelerate its transformation via strategic global partnerships, operational efficiency, and innovation amid Europe's slow growth and trade disruptions. The company recently downgraded its profit forecast due to slumping sales and market pressure but continues to rely on its strong fundamentals, including a robust product portfolio and committed teams. Provost's international experience, including roles in Portugal and South Korea, positions him to expand Renault’s global footprint and strengthen alliances with partners like Geely and Nissan. Both board chairman Jean-Dominique Senard and Provost emphasize strategic vision, collaboration, and customer-centric innovation as key to navigating the challenges ahead.