France's Le Maire favors car industry professional as next Renault CEO

France's Le Maire favors car industry professional as next Renault CEO

French Finance Minister Bruno Le Maire said on Sunday that the search for a new CEO for Renault was still on and that he favored selecting a professional from the automobile sector.

FILE PHOTO: The logo of French car manufacturer Renault is seen at a dealership of the company in B
FILE PHOTO: The logo of French car manufacturer Renault is seen at a dealership of the company in Bordeaux, France, June 12, 2019. REUTERS/Regis Duvignau/File Photo

PARIS: French Finance Minister Bruno Le Maire said on Sunday that the search for a new CEO for Renault was still on and that he favored selecting a professional from the automobile sector.

"I can confirm the next CEO has not yet been chosen. The only indication I can give you is that I wish it is a professional of the car industry because amid the radical transformation of the sector, one needs professionals," Le Maire told BFM television.

The French carmaker, chaired by Jean-Dominique Senard, a former executive at tire maker Michelin who was parachuted in following the Carlos Ghosn scandal, is expected to choose a new CEO by the end of the year so that the group can try and fully refocus on its operations.

The French state has a 15per cent stake in Renault.

Renault's interim chief executive Clotilde Delbos has applied to take the job on a permanent basis, two sources familiar with the matter have said, as the carmaker edges toward a shortlist likely to also feature several external candidates.

One of the sources had said that Patrick Koller, the Franco-German CEO of car parts maker Faurecia , and Luca de Meo, the Italian boss of Volkswagen-owned SEAT, also ticked many of the boxes for recruiters, including that they both spoke French.

(Reporting by Dominique Vidalon; Editing by Susan Fenton)

Source: Reuters

Bookmark