According to Reuters, Luca de Meo will receive a salary of 1.3 million euros this year, an annual variable salary of up to 150 percent of this salary, and 75,000 Renault shares. Renault’s previous CEO, Thierry Bollore, received 900,000 euros in wages and a variable wages of 125 percent and 50,000 shares.
The arrest of Carlos Ghosn, the top name of the Renault Nissan alliance, inevitably affected both companies negatively. An extension of this negativity was in the fixed managers of the brands. The giant group that signed with Luca de Meo aims to reduce this turmoil to a small extent. The new CEO will start on July 1.
Former Seat, new Renault CEO Luca de Meo
De Meo, 52, was the president of the Spanish brand Seat in the Volkswagen Group. Previously, he worked in brands such as Renault, Alfa Romeo, Abarth, Fiat, Toyota Europe and Chrysler.
