Europe

MADRID — Renault has presented Luca de Meo, CEO of Volkswagen Group’s Seat model, the work of CEO, Spanish newspaper La Vanguardia reported on Saturday, citing nameless resources.

De Meo, 52, will originally come to be CEO of Renault for two many years prior to using in excess of duty for the automaker’s alliance with Nissan and Mitsubishi, the paper explained.

Before French media stories explained Renault’s board chose de Meo as its preferred candidate at its conference on Tuesday. De Meo received out in excess of Patrick Koller, CEO of the provider Faurecia, in accordance to Agence France-Presse (AFP) and Les Echos. A stumbling block to de Meo’s appointment could be a non-contend clause he has with VW Team, Les Echos explained.

Renault and Seat declined to remark on the report.

If verified, De Meo’s appointment would assist finish a extended period of time of turbulence at Renault, which has been having difficulties to recuperate from the superior-profile arrest of previous chief Carlos Ghosn a yr back. Ghosn, who aided forge the Renault-Nissan-Mitsubishi alliance, was arrested in Japan final November on fiscal misconduct rates that he denies.

Money main Delbos took in excess of as interrim CEO at Renault right after previous CEO Thierry Bollore was ousted in Oct in a purge of executives involved with the Ghosn period, a transfer supposed to assist patch up the strained alliance with Nissan.

Italian-born De Meo has served as the chairman of Seat’s govt committee for 4 many years, overseeing a resurgence in the Barcelona-primarily based firm’s profits and boosting its prominence in VW Team.

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