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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Renault    RNO   FR0000131906

RENAULT

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Renault's New CEO Could Be Announced Shortly -French Finance Minister

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01/14/2020 | 04:18am EST

By Mauro Orru

The new chief executive of Renault could be announced "in a few days," French Finance Minister Bruno le Maire told television broadcaster CNEWS on Tuesday.

"[Chairman] Jean-Dominique Senard and the board of directors are on the case. I think that in a matter of days, we will, at least I hope, have a new chief executive for Renault," Mr. le Maire said.

The French car maker, in which France holds a 15% stake, is widely expected to appoint Luca de Meo. Mr. De Meo most recently served as president of Volkswagen AG Seat brand, before stepping down on Jan. 7.

Renault wasn't immediately available for comment.

The company has had two CEOs since former chief Carlos Ghosn was arrested in Japan in November 2018 on charges of financial misconduct connected to Renault's alliance partner Nissan Motor Co, which he has denied.

Mr. Ghosn resigned from Renault in January 2019. His successor Thierry Bollore was fired in October after he demanded an independent probe of Nissan's investigation into Mr. Ghosn. Nissan dismissed his calls for an independent audit and accused Mr. Bollore of being sympathetic to Mr. Ghosn.

Mr. Bollore was replaced by Clotilde Delbos, who has been serving as CEO on an interim basis since October.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

Stocks mentioned in the article
ChangeLast1st jan.
BOLLORÉ -0.11% 3.788 Real-time Quote.-2.37%
NISSAN MOTOR CO., LTD. 0.43% 637.5 End-of-day quote.1.08%
RENAULT -0.75% 39.325 Real-time Quote.-6.13%
VOLKSWAGEN AG -0.33% 181.44 Delayed Quote.3.28%
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Financials (EUR)
Sales 2019 55 120 M
EBIT 2019 2 759 M
Net income 2019 1 891 M
Finance 2019 2 245 M
Yield 2019 5,61%
P/E ratio 2019 5,70x
P/E ratio 2020 4,47x
EV / Sales2019 0,15x
EV / Sales2020 0,16x
Capitalization 10 602 M
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Technical analysis trends RENAULT
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 23
Average target price 51,00  €
Last Close Price 39,60  €
Spread / Highest target 130%
Spread / Average Target 28,8%
Spread / Lowest Target -12,4%
EPS Revisions
Managers
NameTitle
Clotilde Delbos Executive VP, Chief Executive & Financial Officer
Jean-Dominique Senard Chairman
Pascale Sourisse Independent Director
Benoît Ostertag Director
Eric Personne Director
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