Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  News  >  Companies  >  All News

News : Companies
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors

Renault offers CEO job to SEAT's Luca De Meo, says La Vanguardia

share with twitter share with LinkedIn share with facebook
share via e-mail
12/14/2019 | 07:10am EST

French carmaker Renault has offered the chairman of Volkswagen's SEAT brand, Luca de Meo, the job of chief executive, Spanish newspaper La Vanguardia reported on Saturday, citing anonymous sources.

The report said De Meo would initially become CEO of Renault for two years before taking over responsibility for the group's alliance with Nissan and Mitsubishi.

Reuters had reported previously that De Meo was a possible candidate for the top job, along with interim Chief Executive Clotilde Delbos and Patrick Koller, the Franco-German CEO of car parts maker Faurecia, who was also tipped for the role.

If confirmed, De Meo's appointment would help end a prolonged period of turbulence for the French carmaker, which has been struggling to recover from the high-profile arrest of former leader Carlos Ghosn a year ago.

Renault and SEAT declined to comment on the newspaper report.

Ghosn, who helped forge the Renault-Nissan-Mitsubishi alliance, was arrested in Japan last November on financial misconduct charges that he denies.

Financial chief Delbos took over the reins at Renault after former CEO Thierry Bollore was ousted in October in a purge of executives associated with the Ghosn-era, a move intended to help patch up the strained alliance with Nissan.

Italian-born De Meo has served as the chairman of SEAT's executive committee for four years, overseeing a resurgence in the Barcelona-based company's sales and boosting its prominence within the Volkswagen group.

(Reporting by Nathan Allen; Additional reporting by Gilles Guillaume in Paris; Editing by Helen Popper and Emelia Sithole-Matarise)

Stocks mentioned in the article
ChangeLast1st jan.
BOLLORÉ -2.69% 3.612 Real-time Quote.-4.58%
FAURECIA -2.20% 42.17 Real-time Quote.-10.10%
MITSUBISHI CORPORATION 0.66% 2881.5 End-of-day quote.0.19%
MITSUBISHI MOTORS CORPORATION -0.24% 424 End-of-day quote.-6.19%
NISSAN MOTOR CO., LTD. -0.87% 616.2 End-of-day quote.-2.30%
RENAULT -2.18% 35.46 Real-time Quote.-14.01%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news "Companies"
05:48aLIFCO PUBL : acquires Cramaro Tarpaulin Systems S.r.l.
05:47aBMW TEAM RLL WINS DAYTONA THRILLER : Second GTLM consecutive triumph for the BMW M8 GTE at the IMSA season-opener.
05:46aGlobal Big Data Market 2020-2024 | Growing Investment in Smart City Initiatives to Boost the Market Growth | Technavio
05:45aSTHREE : Full Year Results Presentation 2019
05:40aEUROLIFE BRANDS : Secures $2.5 Million Credit Facility From European Equity Group
05:40aEuroLife Brands Secures $2.5 Million Credit Facility From European Equity Group
05:36aALTRAN TECHNOLOGIES : Capgemini passes first hurdle in Altran bid despite Elliott resistance
05:35aMOUNTAIN COMMERCE BANCORP : Reports Strong Q4 2019 Earnings
05:35aMOUNTAIN COMMERCE BANCORP : The economic sentiment higher at the monthly level
05:35aQINETIQ : to Play Key Role in Maximising European Capabilities in Operational Earth Observation
Latest news "Companies"