World News

French carmaker Renault names Luca de Meo as new CEO

PARIS (Reuters) – French carmaker Renault <REN.PA> on Tuesday named former Volkswagen’s <VOWG_p.DE> Seat brand executive Luca de Meo as its new chief executive, as Renault moves to create a new management in the post-Ghosn era and shore up its alliance with Nissan <7201.T>.

His appointment will be effective on July 1.

Italian-born De Meo had served as the chairman of Seat’s executive committee for four years, overseeing a resurgence in the Barcelona-based company’s sales and boosting its prominence within the Volkswagen group.

(Reporting by Gilles Guillaume; Writing by Sudip Kar-Gupta; Editing by Geert De Clercq)