luca de meo – Charm

Renault shares tumble on profit warning as interim CEO named

By Dominique Patton (Reuters) -Shares in Renault plunged as much as 18% on Wednesday after the French automaker surprised investors with a profit warning just a month after CEO Luca de Meo announced his departure. The company said late on Tuesday that June sales volumes were weaker than expected and it was now aiming for…

Should your next CEO be from outside fashion?

Cs news1 month ago1 month ago01 mins

On Monday, Kering appointed a new CEO, Luca de Meo, who will join from carmaker Renault in September. The hope is that his experience from outside of the fashion industry could provide a welcome shake-up for the struggling conglomerate. Should other industry players follow suit? “To prepare this new step of our development, we need…