Kering, Renault and de Meo
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The former chief executive of the carmaker Renault will replace Francois-Henri Pinault as the struggling company seeks a turnaround.
Shares in Kering rose in early trading on Monday after Le Figaro reported that Luca de Meo would become the new CEO of the luxury goods maker, after he turned around troubled automaker Renault in his five years at the helm.
Renault's CEO Luca de Meo resigned on Sunday, and he is poised to succeed François-Henri Pinault, Le Figaro reported Sunday.