At a press conference on 13 October 2022, Luca de Meo, CEO of Renault Group, announced the creation of The Future Is NEUTRAL, the first company operating across the entire automotive circular economy value chain. He was accompanied by Jean-Philippe Bahuaud, CEO of The Future Is NEUTRAL.
This new entity offers closed-loop recycling solutions at every stage of a vehicle’s lifecycle : parts and raw materials supply, production, usage and end of life.
The Future Is NEUTRAL aims at becoming the European and industrial leader in the closed-loop automotive circular economy, serving vehicle manufacturers and the entire industry. The entity’s objective is for the portfolio of activities to generate a turnover of more than 2.3 billion and an operating margin of more than 10% by 2030.
Luca de Meo first started out his career at Renault and is now CEO. 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.
