#DuncanMinto
Renault lowers 2025 guidance, names Duncan Minto as interim CEO
By Dominique Patton PARIS (Reuters) -Renault named its finance chief Duncan Minto as interim CEO on Tuesday, and said it will step up cost cutting measures after cutting its forecast for full year operating margins following a worse than expected performance in June. Renault (EPA:RENA) said it now aims to achieve a full year operating margin of 6.5% compared with more than 7% previously announced. And it aims for free cash-flow of 1-1.5 billion euros, versus over 2 billion euros previously. It said these results have been impacted by a lower-than-anticipated performance in June, including volumes slightly lower than expected, an underperformance of the light commercial vehicle business in a sharply declining market in Europe and a level of receivables impacted by billing timing differences. Minto, who has been in the Renault group since 1997, has taken over running the company from Tuesday as it searches for a permanent replacement for Luca de Meo who resigned suddenly last month to join luxury group Kering (EPA:PRTP). Minto will ensure the day-to-day management of the company alongside Jean-Dominique Senard, who will hold the position of chairman, Renault said in a statement.
www.investing.com
July 15, 2025 at 4:48 PM
Sem CEO há 1 mês, o conselho de administração do Renault Group decidiu nomear Duncan Minto como interino, até a nomeação de um novo comandante para o grupo

#Renault #DuncanMinto #RenaultGroup

motorshow.com.br/sem-ceo-ha-1...
Sem CEO há 1 mês, Renault anuncia interino
Sem CEO há 1 mês, o conselho de administração do Renault Group decidiu nomear Duncan Minto como interino, até a nomeação de um novo comandante para o grupo. Atualmente CFO do Renault Group, Duncan...
motorshow.com.br
July 16, 2025 at 11:59 AM