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Incoming Renault CEO flags turnaround challenge

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De Meo, addressing investors at the firm’s annual shareholder meeting before taking up his new job on July 1, said he shared a “sense of urgency” with teams at Renault to deliver on its new strategy and restructuring.

“I’m very conscious of the company’s difficulties,” said De Meo, a former Volkswagen (DE:VOWG_p) executive, adding he had been keen to join the company for the challenge.

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