In a surprising cross-industry move, Renault Group CEO Luca de Meo has announced his resignation, confirming that he will join French luxury conglomerate Kering, the parent company of fashion icons like Gucci, Balenciaga, and Yves Saint Laurent.

Unexpected Shift from Auto to Fashion

De Meo’s transition from the automotive sector to the high-end fashion world marks one of the most high-profile career shifts in recent European business. Known for his role in stabilizing Renault’s finances and leading the brand into the electric era, de Meo is set to bring his strategic expertise to the luxury market.

While details of his upcoming role at Kering remain confidential, sources close to the matter say he will take on an executive position focused on innovation and global brand growth.

Renault Appoints Interim CEO

Following de Meo’s departure, Renault has named its current CFO, Thierry Piéton, as interim CEO. The board is expected to launch a full executive search for a long-term successor by the end of the summer.

Industry analysts suggest Renault may face short-term uncertainty as it navigates its EV strategy without de Meo, who had become a central figure in shaping the company’s future-facing projects.

A Proven Track Record

Since joining Renault in 2020, de Meo has overseen:

• The launch of the company’s standalone EV unit, Ampere
• Strategic alliances with major tech companies
• Stronger financial results, including a return to profitability

His upcoming departure adds to the growing list of executive shakeups among European corporations, where cross-industry talent movement is becoming increasingly common.