Left Menu
Development News Edition

UPDATE 1-Renault offers CEO job to SEAT's Luca De Meo, says La Vanguardia

Reuters | Updated: 14-12-2019 17:43 IST | Created: 14-12-2019 17:40 IST
UPDATE 1-Renault offers CEO job to SEAT's Luca De Meo, says La Vanguardia
Representative image Image Credit: Flickr

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.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


TRENDING

OPINION / BLOG / INTERVIEW

China: A savior for emerging markets or a poison pill?

... ...

Future of Urban Planning: Artificial Intelligence guiding the way

Advances in emerging technologies like Artificial Intelligence and Machine Learning can help us understand our cities better and derive useful insights from real-time data collected through automated models....

Videos

Latest News

Oil companies, aid groups plan to press Biden to allow Venezuela fuel swaps

Representatives of fuel suppliers to Venezuela, importers of Venezuelan oil and advocacy groups said this month they plan to press the incoming administration of U.S. President-elect Joe Biden to reverse a ban on crude-for-diesel swaps.The ...

Euro zone pledges continued fiscal support against COVID, to work on recovery plans

Euro zone finance ministers pledged continued fiscal support for their economies on Monday and discussed the design of post-pandemic recovery plans as the European Commission warned the COVID crisis was making the blocs economic imbalances ...

Pope says MLK's message of non-violent protest timely now

Pope Francis is honouring civil rights leader Dr. Martin Luther King Jr. on the commemoration of his birthday, saying his message of equality through peaceful means remains more timely than ever.Francis sent a message of prayer Monday to Ki...

Rajasthan govt urges Centre compensate states revenue deficit due to low GST collections

The Rajasthan government on Monday suggested to the Centre that the states be compensated the revenue deficit resulting from lower than expected GST collections due to coronavirus pandemic and economic slowdown.Local Self Government Departm...

Give Feedback