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Incoming Renault CEO flags turnaround challenge

Published 19/06/2020, 15:46
© Reuters. 89th Geneva International Motor Show in Geneva
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PARIS (Reuters) - Renault 's (PA:RENA) incoming Chief Executive Luca de Meo said on Friday he was conscious the French carmaker faced many problems, but added he was confident the group could end up becoming a positive turnaround story.

De Meo, addressing investors at the firm's annual shareholder meeting before taking up his new job on July 1, said he shared a "sense of urgency" with teams at Renault to deliver on its new strategy and restructuring.

© Reuters. 89th Geneva International Motor Show in Geneva

"I'm very conscious of the company's difficulties," said De Meo, a former Volkswagen (DE:VOWG_p) executive, adding he had been keen to join the company for the challenge.

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