Gucci turns to Renault CEO in turnaround bid

(FILES) CEO of Renault group Luca De Meo delivers a speech during a Renault-Nissan-Mitsubishi press conference to present the Alliance updates in Boulogne-Billancourt, on December 6, 2023. The French car manufacturer have announced on June 15, 2025, that their Italian CEO will leave the group "to pursue new challenges outside the automotive sector", confirming a report in the newspaper Le Figaro. "After five years at the helm of Renault Group, Luca de Meo has announced his decision to step down," the group said in a statement, specifying that his departure will be "effective July 15." (Photo by Alain JOCARD / AFP)

KERING SA is set to name the chief executive officer (CEO) of Renault SA as its next CEO, looking to an Italian manager who’s turned around the French automaker to perform a similar role at the owner of the struggling Gucci fashion label.

Luca de Meo (pic) will be appointed to the job in the coming days, people familiar with the situation told Bloomberg News, confirming a report by Le Figaro.