Renault appoints new CFO as finance chief Duncan Minto exits
Renault is reshaping its finance leadership weeks after a management transition at the French automaker. Carine Damois is due to take over as chief financial officer in November as the group seeks to reassure investors over its FutuReady strategy amid a sharp fall in its share price this year.
Highlights
- Renault CFO Duncan Minto is leaving after less than two years and will be replaced by former Michelin executive Damois starting November.
- Damois's main mandate is to reassure financial markets regarding Renault's FutuReady strategy introduced last March amid ongoing leadership transitions.
- Renault shares have fallen about 30% year-to-date despite robust electric and hybrid vehicle sales, highlighting investor concerns over execution and future outlook.
Leadership transition and appointment timeline
As reported by Reuters, Renault says Chief Financial Officer Duncan Minto is leaving the company to pursue professional opportunities outside the group after less than two years in the role.Minto has served as Renault CFO since March 2025 and also briefly held the position of interim chief executive after Luca de Meo's sudden departure, until François Provost was nominated.
Renault says Damois, previously an executive at Michelin, will become the new chief financial officer from November.
Investor focus and market implications
Damois's main task is to reassure financial markets over Renault Group's strategy set out last March in its FutuReady plan. Her appointment comes as the automaker tries to maintain confidence during a period of leadership change.Despite solid sales of electric and hybrid vehicles, Renault shares are down about 30% since the start of the year, underscoring the pressure on the company to convince investors on execution and future performance.
Chevron’s executive reshuffle outlines a planned CFO transition, with Jeff Gustavson set to take over as finance chief on January 1, 2027, replacing Eimear Bonner. The company also said Bonner will move to lead its Oil, Products & Gas unit, while vice chairman Mark Nelson will take on expanded responsibility for strategy and business development as part of the broader management changes.
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