Overview
- François Provost, a 23-year Renault veteran and former chief of procurement, partnerships and public affairs, officially took the helm on July 30 after an interim period under CFO Duncan Minto.
- In his first public remarks, Provost confirmed that Renault will continue fielding the Alpine F1 team and shift to Mercedes power units under the sport’s 2026 regulations.
- The new CEO inherits a revised full-year operating margin forecast of around 6.5 percent following weaker retail sales across Europe.
- Provost was instrumental in launching the Renaulution strategy’s Ampere electric-vehicle and Horse hybrid subsidiaries and securing partnerships with Geely and Saudi Aramco.
- He faces intensifying competition from Chinese EV entrants, the challenge of rebalancing ties with Nissan and the push to expand beyond Europe into emerging markets.