The former chief executive of the carmaker Renault will replace Francois-Henri Pinault as the struggling company seeks a turnaround.

Francois-Henri Pinault, who has held the CEO title since 2005, is to remain chairman of the family-controlled luxury group. De Meo is expected to start on Sept. 15.

Luca de Meo, who joins the struggling luxury firm from car maker Renault, will succeed François-Henri Pinault, who will remain chairman of the board.

Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.

Luca de Meo, who resigned from carmaker Renault on Sunday, is widely tipped to succeed François-Henri Pinault at the management helm of the French luxury group.

Kiran Rao, Liang Jing, Luiza Mariani, and 'Ne Zha' voice actress Lyu Yanting share their journeys and push for greater representation at Kering’s first Women In Motion event in China.

Here are some of the stocks on the move for Monday, June 16. Chipmakers like Nvidia (NVDA) and Broadcom (AVGO) are on the move after Taiwan imposed export controls on China's Huawei and SMIC. US Steel (X) shares are on the rise after President Trump signed off on its deal to be acquired by Nippon Steel (5401.