New Renault Group CEO François Provost has said his top priority will be to continue to invest in new products and bring them to market faster.
Speaking at a press conference announcing Renault’s first-half results for 2025, Provost also said he is committed to keeping Alpine in Formula 1.
Provost, who had most recently overseen Renault Group procurement in a 23-year career at the French car maker, was announced yesterday as the successor to former CEO Luca de Meo, who had led a turnaround of the company over the past five years under his ‘Renaulution’ banner.
The new CEO thanked de Meo for his work and said there will be no major change in strategy. However, he has vowed to “speed up execution” of the plan as part of “an obsession with competitiveness”.
A key focus for Provost will be to cut development times. He said the 21 months taken to bring the new Twingo to the cusp of production will be the blueprint for the company from now on, as it looks to keep pace with an increasingly competitive market, which is now seeing a rise of lower-cost and rapidly developed models from China.
Provost will also continue with the “value over volume” strategy, ensuring that each car is made according to demand so that “every car contributes to the bottom line”.
He pledged to build stronger relationships with suppliers “to work with them earlier” in the development process to benefit both speed and cost.
The Renault Group dealer network also gets Provost’s backing as they are “key for sustainable reasons and are long-term partners” invested in Renault’s success.
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