Renault CEO Luca de Meo to Leave July 15 for Kering, Gucci Owner, as New CEO; Shares Surge 7%

Luca de Meo, the CEO of Renault Group, announced his departure from the French automaker after five years at the helm. His resignation will take effect on July 15, 2025. De Meo is set to take on a new role as Chief Executive Officer of Kering, the French luxury goods conglomerate that owns Gucci and Yves Saint Laurent. This leadership change at Kering comes amid efforts to revive the company's performance, particularly the struggling Gucci brand.

De Meo is credited with helping to double Renault's value during his tenure and is expected to bring his turnaround expertise to the luxury group. Kering has officially confirmed his appointment to a newly created CEO position, while the current chairman, François-Henri Pinault, will retain the group's presidency. Following the announcement, Kering's shares surged by more than 7%, reflecting investor optimism about the management change. De Meo’s move marks a transition from the automotive sector to the luxury fashion industry, highlighting a strategic shift in his career.