Excessive Pressure on Performance Renault May Change CEO Again

The head of Renault may change again. According to French media reports, the current head of Alstom (Alstom, a global leader in transportation and power infrastructure), Henri Poupart-Lafarge, may become Renault's new CEO.

Henri Poupart-Lafarge

In fact, the scramble over CEO position of Renault has been going on for a month. Earlier this October, Renault chairman Jean Dominique Senard expressed dissatisfaction with Thierry Bollore (then CEO of Renault). Bolloré was subsequently terminated as CEO by Renault's board, and Clotilde Delbos, then Renault's chief financial officer and senior vice president, served as interim CEO.

In November of this year, Renault's board of directors stated once again that they were still dissatisfied with Delbos' work and that Renault's work of selecting a formal CEO continued. At this time, including Luca de Meo, global president of the Seat brand of Volkswagen Group, Didier Leroy, executive vice president of Toyota, and CEO of Faurecia, a component company Candidate lists such as Patrick Koller were revealed.

Renault Group

Today, Renault CEO candidates have changed again. If nothing else, Renault will announce the official CEO candidate during the next board meeting. In accordance with foreign media analysis, although the position of Renault CEO in the automotive industry is not attractive, Lafarge may be interested in this position, but his weakness is also very obvious, that is, he has never worked in the automotive industry. .

According to Renault's previously released financial data for the third quarter of 2019, its third-quarter revenue was 11.296 billion Euros, down 1.6% year-on-year; and global sales were 852,000, down 4.4% year-on-year. The performance of Renault in the Chinese market is not optimistic. According to relevant statistics, up to October this year, the cumulative sales of Dongfeng Renault was 12,811 units, a year-on-year decline of 73%.