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Gucci Owner Taps Renault's De Meo as CEO

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Gucci owner Kering appoints de Meo as CEO, shares soar
By Mimosa Spencer and Gilles Guillaume PARIS (Reuters) -Gucci owner Kering said it was hiring Renault boss Luca de Meo as its new CEO to help revive the debt-laden luxury conglomerate, confirming reports that sent its shares soaring and those of Renault tumbling earlier on Monday.

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Gucci Owner Taps Renault’s De Meo as CEO for Turnaround Mission
Kering Confirms Renault Executive Luca de Meo as Next CEO
Renault shares slide as chief executive Luca de Meo quits to lead Kering
Luca de Meo is to step down as chief executive of Renault, as Kering hires the Italian to spearhead a turnaround of the struggling French luxury group, according to people briefed on the plan.

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Digi Times · 12h
Renault CEO exit in July raises concern over alliance with Nissan
EconoTimes · 16h
Renault CEO Luca de Meo Poised to Join Kering as New Chief Executive
Kering shares surge on reports it’s luring auto exec to run Gucci maker
Shares of Kering, the luxury-goods company behind Gucci, Yves Saint Laurent and other brands, rallied as much as 10% on Monday after reportedly luring Renault’s chief executive to run the company.

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Renault boss De Meo quits; report says he will head Gucci-owner Kering
Shares of Gucci-owner Kering pop 9% on reports Renault's de Meo to be next CEO
French Luxury Giant Kering Taps Auto Executive as Its New Leader
The former chief executive of the carmaker Renault will replace Francois-Henri Pinault as the struggling company seeks a turnaround.
Motor racing-De Meo's exit changes nothing for Alpine F1 team, Briatore says
The departure from Renault of chief executive Luca de Meo changes nothing for the French carmaker's Alpine Formula One team, de facto principal Flavio Briatore told Reuters on Sunday. Renault announced Luca De Meo was leaving shortly after the newspaper Le Figaro reported he will take over the leadership of the luxury group Kering.
PlanetF1.com on MSN22h
Further turmoil for Alpine as CEO set to depart in shock announcement
The ever-evolving structure of the Alpine Formula 1 team will be changing again as Renault Group CEO Luca de Meo has announced his resignation after five years at the top of the company. “For five years, Luca de Meo has worked to put Renault Group back where it belongs,” said Jean-Dominique Senard, chairman of the board of directors.
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