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Renault announced this Friday the appointment of Nicolas Maure, who until 2016 was CEO of Automóvil Dacia, to the position of executive vice president of the group responsible for recovering performance and returning to a satisfactory level of profitability by 2022.
“In close collaboration with the brands and all the functions of the group, (Nicolas Maure – no.) Will have the responsibility of proposing and supervising an action plan that aims on the one hand a significant reduction of fixed and variable costs, and on the other hand the generation of income and liquidityThe new CEO of the Renault group, Luca de Meo, said in a press release.
Nicolas Maure, born in 1960, graduated from the École centrale de Paris and holds an MBA (1983) from the European Institute of Business Administration (INSEAD). After a career at Valeo and Faurecia, Nicolas Maure joined Renault in 2000.
In January 2014, Maure became CEO of Groupe Renault Romania and CEO of Automobile Dacia SA and in April 2016 he was appointed Chairman of the Russian automaker AVTOVAZ.
As of January 1, 2018, Nicolas Maure was appointed Director of Operations for the Eurasia region at Groupe Renault, a position he will retain in addition to his new functions.
Two days ago, Renault announced a plan to reorganize the group around its brands, and not according to geographical areas, which it will group into four business units: Renault, Dacia, Alpine and New Mobility. According to Renault, this project aims to create a simpler and more results-oriented organizational structure, but one that reinforces the cohesion, motivation and sense of belonging of the teams grouped by brands.
Record losses due to the pandemic
“The difficulties faced by the Group, the great crisis in the automotive industry and the urgency of the green transition are imperative for the company to accelerate this transformation. This draft plan will strengthen the Group’s adaptability by focusing on the generation of cash flow “. keeping the customer at the center of its priorities, based on a more efficient approach to operational activities and rigorous management of resources.“the French manufacturer announced in May.
The plan includes, among other measures, optimization of production, suspension of capacity growth projects planned in Morocco and Romania, as well as studies to adapt production capacity in Russia and streamline gearbox manufacturing activities throughout the world. It is also intended to revise the overall production capacity from 4 million vehicles in 2019 to 3.3 million by 2024, as well as “adjust” the number of employees in production.
Car manufacturer since 1898, the Renault Group is present in 134 countries and sold 3.8 million vehicles in 2019. Dacia was acquired by Renault in 1999. Launched in 2004 with the Logan model, Dacia became a notorious player in the European car market.
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