Francois Provost Emerges as Leading Candidate for Renault CEO
Renault's procurement chief, Francois Provost, is reportedly the frontrunner for the CEO position at the French automaker. While the board of directors has yet to make a final decision, it is expected to discuss the matter soon. Renault is seeking a permanent replacement after Luca de Meo's resignation.
Francois Provost, the current procurement chief at Renault, is now considered the top contender for the CEO role at the prominent French car manufacturer, according to reports from Bloomberg on Tuesday.
While a conclusive decision is pending, Renault's board of directors is slated to convene on Wednesday to approve their first-half results and deliberate over the CEO appointment, as highlighted by sources. Renowned French publications Le Figaro and Les Echos also recognized Provost as the leading candidate for the role.
A spokesperson for Renault mentioned that the selection process is progressing well, but refrained from providing further insights. A source connected to the situation revealed that both the board and its nomination committee would meet, with an official announcement expected post-market closure. Renault's search for a new CEO follows the abrupt resignation of Luca de Meo in June. Interim CEO Duncan Minto was appointed earlier this month amidst lower-than-anticipated sales outcomes.
(With inputs from agencies.)
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