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Kering shares rise after report Renault's De Meo to become new boss

Published by Global Banking & Finance Review

Posted on June 16, 2025

1 min read

· Last updated: January 23, 2026

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Kering shares rise after report Renault's De Meo to become new boss
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MILAN (Reuters) -Shares in Kering rose in early trading on Monday after Le Figaro reported that Luca de Meo would become the new CEO of the luxury goods maker, after he turned around troubled

Kering shares rise after report Renault's De Meo to become new boss

MILAN (Reuters) -Shares in Kering rose in early trading on Monday after Le Figaro reported that Luca de Meo would become the new CEO of the luxury goods maker, after he turned around troubled automaker Renault in his five years at the helm.

Kering shares gained around 5% on trading platform Tradegate by 0606 GMT and Renault shares fell around 3%. De Meo will leave Renault in mid-July, Renault said.

(Reporting by Danilo Masoni; Editing by Amanda Cooper)

Key Takeaways

  • Kering shares increased by 5% after CEO news.
  • Luca de Meo to leave Renault in mid-July.
  • Renault shares fell by 3% following the announcement.
  • Luca de Meo credited for turning around Renault.
  • Le Figaro reported the CEO transition.

Frequently Asked Questions

What caused Kering shares to rise?
Kering shares rose after Le Figaro reported that Luca de Meo would become the new CEO of the luxury goods maker.
What was the percentage increase in Kering shares?
Kering shares gained around 5% on the trading platform Tradegate.
What happened to Renault shares following the news?
Renault shares fell around 3% after the announcement regarding de Meo's departure.
When will Luca de Meo leave Renault?
Luca de Meo will leave Renault in mid-July, as confirmed by the company.
Who reported the news about Luca de Meo's appointment?
The news about Luca de Meo becoming the new CEO of Kering was reported by Le Figaro.

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