STORY: Renault is beginning the search for a new boss. That’s after current Chief Executive Luca de Meo agreed to make a surprise move to Gucci-owner Kering. He’s due to be gone by mid-July. The news sparked a tumble for Renault shares on Monday,

The former chief executive of the carmaker Renault will replace Francois-Henri Pinault as the struggling company seeks a turnaround.

Kering has announced a significant change in its executive leadership appointing Luca de Meo CEO, effective 15 September 2025. This is subject to shareholder approval at a meeting scheduled for 9 September.

The appointment of de Meo, 58, marks a big change at Kering, owner of the Gucci and Saint Laurent brands, where François-Henri Pinault, a member of the family that controls the group, has been chair and chief executive for 20 years.

(Reuters) -Gucci-owner Kering has appointed Luca de Meo, currently CEO of French carmaker Renault, as its new chief executive, it said on Monday. Below are some facts about the new head of the French luxury group, whose brands include Gucci, Saint Laurent, and Bottega Veneta.

Luca de Meo, who resigned from carmaker Renault on Sunday, is widely tipped to succeed François-Henri Pinault at the management helm of the French luxury group.

The following is a timeline of the major events in the French luxury fashion group's history. 1962 - Francois Pinault founds Etablissements Pinault, a timber trading company based in Rennes that will transform into Kering.