Why did Luca de Meo leave Renault?
Luca de Meo resigned as CEO of Renault, choosing to pursue new challenges outside the automotive sector, assuming the role of CEO at luxury conglomerate Kering, parent company of Gucci and Saint Laurent. Luca de Meo placed Laurent Rossi as the CEO of Alpine while he hired Davide Brivio as the director for trackside operations while Marcin Budkowski leads the chassis. Sky Sports F1 presenter Ted Kravtiz has revealed that the sudden exit of former Renault F1 chief Cyril Abiteboul was due to performance reasons.
What is Renault now called?
Renault to rebrand as Alpine F1 Team in 2021. Renault are here to stay in Formula 1, but they will race on under a new name – and in new colours – from 2021 after the French manufacturer announced they will re-brand to become the Alpine F1 Team. Formerly named Renault F1 Team and owned by the French automotive company Groupe Renault as well as Renault–Nissan–Mitsubishi Alliance, the team was rebranded for 2021 to promote Renault’s sports car brand, Alpine, and continued to serve as Renault’s works team, a position the team kept until Renault pulled out of .After more than 40 years in Formula 1, two Drivers’ and two Constructors’ World Championship titles, 35 wins and 399 race starts, the 2020 Abu Dhabi Grand Prix will be the final race for the Renault team name before it hands the baton to sister brand Alpine in 2021.
Who is the new CEO of Renault?
Boulogne-Billancourt, September 1st, 2025 – Following his appointment on July 31st, Renault Group’s new CEO, François Provost, announces a series of executive moves and organisational updates, effective immediately. Francois PROVOST – Chief Executive Officer at Renault Group | LinkedIn.
Why did Ricardo leave Renault?
Ultimately, Ricciardo couldn’t afford to take another risk on Renault, despite them being a manufacturer with a healthy budget and impressive facility. In his mind, that could be the end of the line for him in F1. He realised this could be his last big move. He is believed to be worth more than $A156 million, according to the Australian Financial Review’s Young Rich List which put Ricciardo in 38th position in October last year. It includes the $18 million payout to he received to leave McLaren in 2022.Ricciardo was certainly paid handsomely for his choice to switch allegiances to Renault, with a salary reportedly in the region of $27million [£20. Red Bull had offered Ricciardo in the deal which they had put on the table, according to Marko.