the financial director appointed acting CEO

Renault has not yet chosen the one who will succeed Luca de Meo at the general management. Similarly, The Italian left the car manufacturer on Tuesday and will head Kering in mid-September. Consequently, As long as the Renault board of directors has not chosen the one to entrust the keys. However, Duncan Minto, the financial director, will be the acting managing director of the group. President of Renault Group, Jean-Dominique Sénard will also resume the functions of President of Renault SAS during this interim. The appointment process of the new managing director “she unfolds very normally » et « should not last long “. Assures Dunca Minto, who financial director appointed acting ceo will have a lot to do in the coming days.

Weak sales in June – Financial director appointed acting ceo

Tuesday. the manufacturer in the diamond revised downwards its income forecasts for 2025: it is now awaiting operating margin around 6.5 %, compared to more than 7 % previously. He is now counting on a free cash flow between 1 and 1.5 billion euros, against more than 2 billion euros. To explain this development, he revealed part of his results on the first half: his turnover increased by 2.5 %, to 27.6 billion euros. But his free cash flow has only reached 47 million, very far from the expectations of financial analysts. The fault of a disappointing trade performance in June. Renault anticipates that the market will continue to deteriorate in the second half. The group will therefore strengthen its cost reduction plan, relating to general costs, production and research and development.