Renault Group Announces Leadership Transition

In a significant move, Renault Group revealed on Tuesday that Duncan Minto, its Chief Financial Officer, will take on the role of Interim CEO starting July 15, 2025. This decision comes as the company navigates through a period of transition and financial recalibration.

Interim Leadership and Ongoing CEO Search

The Board of Directors at Renault Group has entrusted Minto with the interim CEO responsibilities until a permanent successor is appointed. The selection process is currently underway, closely monitored by the Governance and Remuneration Committee of the Board of Directors, ensuring a smooth transition and continuity in leadership.

Financial Performance and Projections

Amidst these leadership changes, Renault also disclosed its first-half revenue figures, amounting to €27.6 billion, with an operating margin of 6.0%. The company has adjusted its full-year projections, now expecting an operating margin of around 6.5%, slightly down from the previously anticipated 7%. Additionally, Renault forecasts a free cash flow between €1 billion and €1.5 billion, a revision from the earlier €2 billion projection.