Renault Shares Plunge After CEO Exit and Target Cut

Renault Shares Plunge After CEO Exit and Target Cut

Business

Renault’s stock dropped sharply following the decision to lower its annual targets and the announcement that CFO Duncan Minto will serve as interim CEO ahead of appointing a replacement for Luca De Meo, who is moving to Kering, CE Report quotes ANSA.

In Paris, the stock fell 16% at the start of the trading session, later stabilizing at a 9.68% drop, closing at €35.47.

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