Gucci owner Kering appoints de Meo
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Gucci parent, Kering, appointed Renault's former CEO, Luca de Meo, as its chief executive, as the company struggles to improve its weak performance.
STORY: Renault is beginning the search for a new boss. That’s after current Chief Executive Luca de Meo agreed to make a surprise move to Gucci-owner Kering. He’s due to be gone by mid-July. The news sparked a tumble for Renault shares on Monday,
The struggling French luxury group is set to name Renault Chief Executive Luca de Meo as CEO, replacing Francois-Henri Pinault, people familiar with the matter said.