Renault’s CEO search focuses on Seat boss de Meo, French reports say

Europe

Italian govt Luca de Meo, who heads Volkswagen Group’s Seat brand name, is the beloved applicant to grow to be Renault’s subsequent CEO, French newspapers documented.

An additional leading contender is Didier Leroy, a Frenchman who is world wide No. two at Toyota, in accordance to the reviews.

De Meo, 52, and Leroy, 61, denied desire in the Renault work.

“Luca de Meo is thoroughly fully commited to Seat, as he himself has mentioned on numerous instances due to the fact he was appointed firm President in 2015,” Seat reported in a assertion.

Leroy reported: “I do not spend interest to these rumors and continue being 100 % concentrated on my work at Toyota, in which I delight in a incredibly trustful romantic relationship with [Toyota President] Akio Toyoda.”

Patrick Koller, the French-German CEO of Faurecia, is yet another leading applicant, reviews reported. Faurecia declined to remark.

Renault has been seeking for a new CEO due to the fact its board ousted Thierry Bollore in mid-Oct, as the French automaker and its lover Nissan crystal clear the decks of professionals carefully linked with the Carlos Ghosn period.

Renault’s interim CEO, Clotilde Delbos, has used to acquire the work on a long term foundation, two resources common with the issue instructed Reuters.

Le Figaro and Les Echos the two cited resources expressing that de Meo is the leading applicant.

De Meo ticks quite a few of the bins of the headhunting corporations tasked by Renault to come across a CEO, Les Echos quoted numerous resources as expressing. He commenced his occupation at Renault prior to functioning for Toyota and Fiat. He speaks Italian, French, English, Spanish and German.

De Meo joined VW Team in 2009, functioning for the Volkswagen brand name and then for Audi prior to relocating to Seat in which he has has succeeded in earning the Spanish brand name financially rewarding, successful accolades such as a 2017 Automotive News Europe Eurostar.

The French authorities, which has a 15 % stake in Renault, has reported it is not opposed to a non-French countrywide finding the CEO submit.

Reuters contributed to this report

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