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Bloomberg
Renault SA’s board named CEO Luca de Meo as a director and reappointed Chairman Jean-Dominique Senard for another four-year term, a sign of support for their plan to reshape the partnership with Nissan Motor.
De Meo, 55, will replace Frederic Mazzella on the French company’s 16-member board, the maker of Austral and Megane
E-Tech cars said, confirming a previous Bloomberg News report. Shareholders will have to
approve the appointments at Renault’s annual general meeting, scheduled for May 11.
Senard, who was tapped by the French government to stabilise Renault after the downfall of Carlos Ghosn in late 2018, spent months reviving relations with Nissan’s board and CEO Makoto Uchida, and is now spearheading talks to reboot a two-decade alliance.
Nissan, which owns 15% of Renault, has questioned the French carmaker’s future plans, which include carving out its electric-vehicle business. The board appointment of de Meo, who arrived at Renault in July 2020, is a signal to Nissan’s leadership that the CEO has backing of Renault’s board as well as of the French government.