Renault SA said Tuesday it has held a board meeting and named Luca de Meo, former chief of Volkswagen AG's unit in Spain, as CEO of the French automaker.
De Meo will take the helm of Renault on July 1, following the dismissal of CEO Thierry Bollore last October in an attempt to cut ties with former boss Carlos Ghosn.
De Meo, who resigned as head of the Seat brand this month, was seen as a prominent candidate for the top job at Renault.
Bollore had served as No. 2 under Ghosn, who spearheaded the auto alliance involving Renault, Nissan Motor Co. and Mitsubishi Motors Corp. before his arrest by Japanese prosecutors in November 2018 over alleged financial misconduct.
"I am very happy with the Renault board's decision to appoint Luca de Meo as CEO," Nissan President and CEO Makoto Uchida said in a statement. "We are all looking forward to working closely with him and our alliance partners in our efforts to support mutually profitable growth."
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