VW's Diess says former Seat CEO de Meo 'probably in talks' with Renault

VW’s Diess says former Seat CEO de Meo ‘probably in talks’ with Renault

FRANKFURT — Volkswagen Group CEO Herbert Diess stated Luca de Meo, the previous head of  VW’s Seat brand, was possibly in talks with Renault about going to the French automaker.

“We are quite, pretty sad that Luca is leaving us mainly because he performed a really crucial role in the team,” Diess advised CNBC on the sidelines of the Environment Economic Discussion board in Davos.

“He did a excellent work with us, but we accepted that he’s going to depart and he’s possibly in talks with Renault, that’s what he informed us,” Diess explained.

De Meo has been in talks with Renault to grow to be CEO but faces a probable hurdle more than a stringent non-contend clause in his VW Team agreement, resources informed Reuters formerly.

De Meo stepped down as head of Seat before this thirty day period but remained a VW Team personnel. The Italian executive was in charge of Spain-primarily based Seat for 4 decades, overseeing a resurgence in the brand’s income and boosting its prominence within the VW Group.

Renault ousted Thierry Bollore as CEO in October and named Clotilde Delbos at interim main govt.

Renault declined to comment on the matter on Thursday.

Renault Chairman Jean-Dominique Senard claimed this week that a new CEO would be named soon.

The French condition, which has a stake in Renault, has provided its tacit backing to de Meo’s probable appointment. “There is no cause the condition would oppose de Meo’s nomination,” a supply at the economy ministry said.

Separately, Renault and its Japanese lover Nissan previous 7 days rejected media experiences that their 20-yr-aged alliance was in danger of getting dissolved. 

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