Luca de Meo is leaving Renault to pursue “new challenges”, the company said on Sunday shortly after a newspaper report said he would become the new CEO of luxury group Kering.
De Meo, an Italian known for his energy, led the French carmaker for around five years, overseeing a strategic shift towards electric vehicles and an overhaul of the firm’s strategic alliance with Nissan.
“Luca de Meo has expressed his decision to step down in order to take on new challenges outside the…

