PARIS -- When CEO Luca de Meo introduces the new-look Renault on Thursday, he will be pivoting from a strategy focusing on volume and global scale to profitable sales in growing segments, with an emphasis on individual brands over regions.
De Meo’s plan, which he calls Renaulution, will replace Drive the Future, the last midterm plan from longtime CEO Carlos Ghosn, who stepped down following his arrest in Japan in November 2018 on charges of financial wrongdoing at alliance partner Nissan.
De Meo is expected to share the podium with deputy CEO Clotilde Delbos, who is also Renault CFO. Delbos was instrumental in devising a plan with group Chairman Jean-Dominique Senard that will cut 2 billion euros ($2.4 billion) in costs in the next two years. That plan was revealed before de Meo took over as CEO on July 1.