He was appointed Tuesday general manager of the manufacturer, effective July 1. On Thursday, the Renault-Nissan-Mitsubishi Alliance is expected to announce the start of operational projects.
Will the infernal spiral of bad news finally stop for the diamond group? The next three days should in any case bring to Renault a lot of good news that the company really needs, a year after the appointment of Jean-Dominique Senard as president of Renault and of the alliance with Nissan and Mitsubishi . It was January 24, 2019, in the midst of the turmoil after the arrest, in November 2018, of Carlos Ghosn, in Japan, for financial embezzlement.
Tuesday, January 28, the manufacturer of the board of directors has appointed the former head of Seat, Italian Luca de Meo, 52, as CEO of the French group, with effect from 1 st of July.
Volkswagen, Seat’s parent company, is not delighted to see an executive leaving who has rehabilitated its Spanish subsidiary, but its CEO, Herbert Diess, ended up accepting the departure of Mr. de Meo, who had resigned in early January. The latest negotiations focused in particular on the amount that Renault will pay to its rival to lift the non-competition clause included in Mr. de Meo’s contract and on the date of his actual arrival.
Stuck in the Ghosn case
In fact, according to Le Figaro , the future managing director of Renault is subject to a strictly supervised notice obligation, intended to avoid the disclosure of strategic information. This provision prevents him from taking office before June. Clotilde Delbos, the CFO, who is Acting Director General since the dismissal of Thierry Bolloré, October 11, 2019, will assume the position until 1 st of July. She will then become Deputy Director General.
If these final negotiations delayed the announcement of the official appointment of Luca de Meo by a few hours, the latter is not a surprise. The Renault board of directors had already expressed itself, in December 2019, in favor of the Italian’s candidacy. According to a good connoisseur of the file, Mr. de Meo had charmed the members of the board who had heard him and in particular convinced him of his vision of the growth potential of the group’s brands. Perfectly French speaking, but also speaking English, Spanish, German and, of course, Italian, the future operational boss of the rhombus can boast an extraordinary experience in the automotive field, his career having passed it through Renault (already), Toyota, Fiat, Audi and Seat.