A manufacturer’s board of directors is convened on Tuesday. The former Seat boss will take office by summer. Complex projects await it.
The appointment of Luca de Meo, the former boss of Spanish automaker Seat, to Renault’s general management will be confirmed on Tuesday at a board meeting at the group’s headquarters in Boulogne-Billancourt.
Negotiations between the Volkswagen group, its employer, and Renault, the next, on the terms of breach of contract were fierce. They continued in Davos last week. In Switzerland, the chairman of the Volkswagen management board gave the impression that the dice had been thrown: “We are very, very sad that Luca is leaving us, because he played a very important role in the group”, said Herbert Diess.
But the devil is in the details. According to our information, after his appointment, Luca de Meo will have to sit back for almost five months, the time to serve the “garden leave” clause imposed by one of his three contracts with the German manufacturer. This clause provides that the manager gives notice at home and cannot vent
