Luca de Meo: From Renault to Kering CEO
- Luca de Meo is leaving the automotive industry to take on the CEO role at luxury goods group Kering.
- Kering, owner of the Gucci brand, has been working to revitalize its flagship label.
- The announcement follows a period of fluctuating global oil prices.
luca de Meo Takes Kering CEO Role After Renault exit
Updated June 17, 2025
Luca de Meo is leaving the automotive industry to take on the CEO role at luxury goods group Kering. The move comes after five years with Renault.
Kering, owner of the Gucci brand, has been working to revitalize its flagship label. News of de Meo’s appointment sent Kering’s shares soaring 12 percent. Simultaneously occurring, Renault’s shares dropped more than 8 percent.
The announcement follows a period of fluctuating global oil prices. Prices initially surged Friday amid investor concerns regarding the Israel-Iran conflict but have since receded.
What’s next
De Meo is expected to focus on boosting Gucci’s performance and overall growth for Kering. Investors will be closely watching his strategies in the coming months.