SHERIDAN, WYOMING – Jan. 22, 2025 – Renault Group has announced the appointment of Duncan Minto as its new Chief Financial Officer (CFO), effective March 1, 2025. Minto, who currently serves as the CFO of Alpine, will succeed Thierry Piéton, who is leaving the company to pursue a new professional opportunity.
Minto to Lead Financial Operations Amidst Renault Group's Transformation
Duncan Minto brings over 25 years of experience in finance and a deep understanding of the automotive industry to his new role. As CFO, he will be responsible for overseeing the financial operations of Renault Group, including accounting, treasury, and investor relations. He will report directly to Luca de Meo, CEO of Renault Group, and will be a key member of the Leadership Team.
De Meo expressed confidence in Minto's ability to drive the company's financial strategy forward, stating, "Thanks to his 25 years’ experience in finance and his extensive knowledge of the Group, and the automotive industry, Duncan will be fully primed to continue and even accelerate the actions already underway. He will play a strategic role in the transformation of the Group and in the successful execution of the plan to unleash the full potential of our company.”
Piéton's Departure Marks End of Nine-Year Tenure
Thierry Piéton, the outgoing CFO, has been with Renault Group for nine years and has played a significant role in the company's strategic development and operational turnaround.
De Meo acknowledged Piéton's contributions, saying, "Thierry has played an essential role in implementing Renault Group's strategy, both in terms of performance management and his strong involvement in our structuring projects, and in improving the way the Group is perceived by the financial markets. On behalf of all our teams, I would like to thank him warmly for his commitment and wish him every success in his new projects.”
Piéton also expressed his gratitude for his time at Renault Group, stating, "The 9 years I have spent with Renault Group have been the most stimulating and intense of my career. I am proud to have contributed to the deployment of the Group's strategy and to its operational turnaround. I would like to thank our teams, with whom it has been such a pleasure to work, for their commitment, and our investors and financial partners for their confidence. I am leaving a Group that is now solid and successful, ready to meet the challenges of its industry.”
Minto's Appointment Signals Continued Focus on Growth and Innovation
The appointment of Duncan Minto as CFO comes at a time of significant transformation for Renault Group. The company is actively pursuing its "Renaulution" strategic plan, which focuses on electrification, new mobility services, and technological innovation. Minto's expertise in finance will be crucial in supporting these initiatives and ensuring the company's continued financial health.
About Renault Group
Renault Group is a leading global automotive manufacturer committed to developing innovative and sustainable mobility solutions. With a presence in over 130 countries, the Group designs, manufactures, and markets a wide range of vehicles, including passenger cars, commercial vehicles, and electric vehicles. Renault Group is also actively involved in the development of new mobility services, such as car-sharing and ride-hailing.