His portfolio will be abundant beyond at Renault Group, which awash 3.75 actor cartage globally and is alive in added than 150 countries. De Meo additionally lacks cogent all-embracing experience, accepting formed alone in Europe.
In a agenda to investors, analysts at ISI Evercore said de Meo’s arrangement aloft three key questions:
De Meo may be little accepted in North America, but he captivated administration posts at Europe’s better automakers. The 52-year-old controlling is chatty in French in accession to his built-in Italian and English, German and Spanish.
He started his career at Renault in 1992 and has formed at Fiat, area he helped barrage the acknowledged retro-styled Fiat 500 minicar. He additionally formed for Toyota in Europe, giving him acquaintance with a Japanese automaker, which could account him in ambidextrous with Nissan.
De Meo afterwards confused to VW Group, area he was amid alone a few top admiral at VW who climbed the ranks afterwards captivation a German or Austrian passport. He was Audi’s arch of sales and business and was appointed Seat CEO in 2015.
At Seat, he admiring adolescent barter than VW’s added brands, but the Spanish nameplate, like Renault, charcoal abundantly abased on the apathetic European market.
At Renault, De Meo will serve beneath Administrator Jean-Dominique Senard, brought in in January 2019 from annoy maker Michelin, and who has so far emerged as the de facto chief amount in the Renault-Nissan alliance.
Because de Meo had a noncompete article with VW Group, his arrangement was delayed. He is set to alpha in his new column in July.
De Meo may accompany adherence to Renault, whose administration has been active back longtime CEO and administrator Ghosn stepped bottomward afterwards his arrest.
But the challenges are formidable. Cash breeze looms as a abeyant problem. Nissan’s abbreviating banking addition to Renault, which holds a 43 percent pale in the Japanese automaker, could affect its adeptness to advance in r&d in analytical areas such as free cartage and electrification.
Renault’s accretion ability accommodate rebalancing shares in the accord amid Renault, Nissan and the French government, which owns 15 percent of Renault. Nissan additionally has a 15 percent pale in Renault.
Ghosn’s acknowledged analysis has activated France’s relations with Japan. Those tensions accept alone added back his affecting escape to Lebanon from Japan at the end of December.
Aside from the accord issues, the Renault cast is accident sales in some key markets, and the barrage of the new-generation Clio baby hatchback, its acknowledged model, has been bedeviled by commitment difficulties, acting CEO Clotilde Delbos — who will become agent CEO — told investors in October.
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