Renault Group delivers: doubled profitability, record free cash flow, resumed dividend & further performance improvement expected in 2023.
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Luca de Meo first started out his career at Renault and is now CEO, Renault Group. During his many years experience working for major European companies, he acquired much sought-after experience in the automotive industry and in management. He took over the helm of Renault Group and Renault in July 2020.
Thierry Piéton joined Nissan Europe, as Senior Vice President, Chief Financial Officer in May 2014. In June 2016, Thierry Piéton became Senior Vice President, Controller of Renault Group. In February 2020, he became Deputy Chief Financial Officer and SVP, Controller, Renault Group and in January, 2021, he was appointed Renault Brand Finance. On March 1st, 2022, Thierry Piéton, is appointed Chief Financial Officer of Renault Group.
“2022 has more than kept its promises: with results above our initial objectives and market expectations, we completed the “Resurrection” phase three years ahead of schedule. This performance reflects the energy and hard work of the Renault Group’s teams even as we have faced strong headwinds related to the disposal of our operations in Russia, the semiconductor crisis and cost inflation. Renault Group’s fundamentals have been thoroughly cleaned up and there will be no turning back. 2023 financial outlook and the return of a dividend illustrate this. In addition, we have achieved our target of a 25% reduction of our global carbon footprint since 2010.”
