The luxury group confirmed speculations reported by a number of media outlets this weekend. Pinault will retain his role as Kering chair.

Luca de Meo revived Renault from crippling losses and gave us the new 5 and Alpine A390. He’s one of the greats

Luca de Meo has left his tenure as CEO of Renault, having led one of France’s most important companies for five years.

Renault CEO Luca de Meo is leaving the French carmaker to pursue a role outside the auto industry, the company said on Sunday, and newspaper Le Figaro reported he would become the new chief executive of Gucci-owner Kering. Julian Satterthwaite reports. EXCLUSIVE: Guardiola dreams of World Cup glory but has no plans to leave City