Kering will propose a 20 million euros ($22.89 million) signing-on bonus for its new CEO Luca de Meo, adding to an overall ...

Renault SA picked procurement chief Francois Provost as its new chief executive officer, tapping a seasoned company insider ...

The former Renault chief could receive a signing bonus of €20 million upon joining the luxury group, along with an annual ...

Luca de Meo will leave the Renault Group, which he has been leading since July 2020, "to take on new challenges outside the automotive sector." His voluntary resignation as CEO will be effective ...

When Luca de Meo became Renault’s CEO in the summer of 2020, the group had just posted a €7.3billion loss and was on the verge of collapse as the world economy shuddered to a halt during the ...

De Meo said Renault were spending 200-250 million euros ($220.5-275.7 million) a year on engine production at the Viry-Chatillon facility outside Paris, while buying an engine from another ...

The French carmaker turned to a company veteran as navigates a tough automotive market.

Renault also said Dec. 16 it’s appointing Celeste Thomasson, a former Safran SA and Geodis SA executive, as chief audit and risk officer, reporting to de Meo.

Mr. de Meo will take office on July 1, Renault said. Until then, Clotilde Delbos, Renault’s chief financial officer, will remain interim chief executive.

De Meo, 52, will take up the post on July 1, Renault said in a statement on Tuesday. He replaces Clotilde Delbos, who took over as Renault's interim CEO after Bollore stepped down in October.

According to Renault themselves, de Meo will receive a salary package of roughly 5.8 million euros ($6.33 million), with a fixed compensation of 1.3 million euros ($1.42 million) for this year ...

Renault is unlikely to return to Formula 1 as a works engine manufacturer unless the rules are simplified, group CEO Luca de Meo says. F1 engine makers who are still preparing for the radical new ...