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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Renault    RNO   FR0000131906

RENAULT

(RNO)
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Renault : France's Le Maire favors car industry professional as next Renault CEO

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11/17/2019 | 07:51am EST
French Finance Minister Bruno Le Maire attends a news conference in Boulogne-Billancourt

French Finance Minister Bruno Le Maire said on Sunday that the search for a new CEO for Renault was still on and that he favored selecting a professional from the automobile sector.

"I can confirm the next CEO has not yet been chosen. The only indication I can give you is that I wish it is a professional of the car industry because amid the radical transformation of the sector, one needs professionals," Le Maire told BFM television.

The French carmaker, chaired by Jean-Dominique Senard, a former executive at tire maker Michelin who was parachuted in following the Carlos Ghosn scandal, is expected to choose a new CEO by the end of the year so that the group can try and fully refocus on its operations.

The French state has a 15% stake in Renault.

Renault's interim chief executive Clotilde Delbos has applied to take the job on a permanent basis, two sources familiar with the matter have said, as the carmaker edges toward a shortlist likely to also feature several external candidates.

One of the sources had said that Patrick Koller, the Franco-German CEO of car parts maker Faurecia , and Luca de Meo, the Italian boss of Volkswagen-owned SEAT, also ticked many of the boxes for recruiters, including that they both spoke French.

(Reporting by Dominique Vidalon; Editing by Susan Fenton)

Stocks mentioned in the article
ChangeLast1st jan.
FAURECIA -0.04% 47.21 Real-time Quote.42.94%
RENAULT -1.35% 41.305 Real-time Quote.-23.25%
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Financials (EUR)
Sales 2019 55 119 M
EBIT 2019 2 762 M
Net income 2019 1 928 M
Finance 2019 2 277 M
Yield 2019 6,42%
P/E ratio 2019 5,94x
P/E ratio 2020 4,52x
EV / Sales2019 0,16x
EV / Sales2020 0,17x
Capitalization 11 210 M
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Technical analysis trends RENAULT
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 23
Average target price 53,88  €
Last Close Price 41,87  €
Spread / Highest target 117%
Spread / Average Target 28,7%
Spread / Lowest Target -17,1%
EPS Revisions
Managers
NameTitle
Clotilde Delbos Executive VP, Chief Executive & Financial Officer
Jean-Dominique Senard Chairman
Carlos Ghosn Bichara Director
Pascale Sourisse Independent Director
Benoît Ostertag Director
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