Renault Boss de Meo stops, with the expected switch to KERING GUCCI-LWNER

LONDON (Reuters) – The CEO of Renault Luka de Miu has left the French car maker and sources saying he was lining up to take over the luxury commodity group, which caused a stir in its sectors.

Here are some initial reaction from analysts.

Equita Paola Carbon analyst

“Although he is a new coming to the world of luxury, Pinolt would have chosen de Miu for his administrative style directed to change, for a mixture of Italian origin but with experience in a French group, for his good relationship with the financial community.”

UBS Zuzanna Pusz analyst

“He is very respectful in the financial community. According to the comments of our colleagues in cars, he is said to be an executive official based on marketing and product, which seems applicable to luxury, although there is no previous experience in this industry.

“The more careful it is the feedback about the possible negative risks of profits and the risks of the public budget associated in view of the high level of King’s debt … In addition, some investors pointed to the anxiety (he) (he) has no previous experience in the luxury industry, which can be considered crucial in treating group deficiency in higher growth in the context of an unaccounted leader.”

City Thomas Choufit analyst

“The implementation of the transformation of luxury brands has become more sophisticated, expensive and less suitable for the public market, reflecting consumer preferences to the highest brands instead of those going through a transition.

“We think it is too early to adopt a more positive position given the lack of vision of Gucci’s transformation.”

JP Morgan Jose Asminde

“Investors have focused this year on the announcement of the Renault mid -term plan. With the CEO, this will naturally save a setback.

“With regard to potential candidates for the position of CEO, we see that Renault has a strong seat through different brand managers including Dacia, but he will also imagine potential external candidates.”

Amber analyst Luka Solka

“Brands Management and Marketing is Forte, which corresponds to what the luxury industry is doing – which seems to be enthusiastic.

“The time will be determined whether it has been able to reach the ground and be effective in a different industry. De Meo has been decisively in Renault, reducing the capacity and tie points.

“DE Meo faces a challenge of Titanic. In decisive, investors will need to hear what De Meo is planning to do and digest when its plans can be achieved.”

Kepler Cheuvreux

“A person from outside the luxury sector may be seen as risky, but his profile seems perfectly suitable for KERING. We’ll positively see the appointment of a strange person, and Luca de Meo may be the right profile for the driving of the transformation.