Renault Names Luca De Meo CEO in Push to Move Beyond Ghosn Era
Renault Names Luca De Meo CEO in Push to Move Beyond Ghosn Era
New chief's to-do list to include reviving sales, earnings. Weakening demand in key markets has hurt sales and earnings.. Renault's stock is trading near seven-year lows.. De Meo played a major role in introducing the new 500, which is still seen as one of the highlights of Marchionne's era.. Under his leadership, Seat has attracted younger customers than its sister brands within VW, but remains largely dependent on the stagnating European market.. Stocks Shake Off Virus Dread; Treasuries Slump: Markets Wrap.