Overview
- Duncan Minto, Renault’s CFO since March 2025, assumed the interim chief executive role on July 15 and will manage daily operations alongside Renault s.a.s. president Jean-Dominique Senard.
- The board’s Governance and Remuneration Committee has launched the search for a permanent CEO under the company’s predefined succession framework.
- Renault reduced its 2025 operating margin forecast to 6.5% from a previous minimum of 7%, pointing to intensifying competition and a softer commercial-vehicle market.
- Shares of Renault plunged 16% in Paris trading after the company cut its profit forecast.
- The automaker has introduced cost-reduction measures in back-office functions, production and R&D ahead of its semiannual earnings release on July 31.