Renault Group CEO Luca de Meo announced a shock departure from his role at the Alpine Formula 1 team’s parent company.
The Renault board accepted his resignation, which after a 30-day notice will come into effect on 15 July. De Meo will remain in his role until then as the board identifies a successor.
“There comes a time in one’s life when one knows the job is done,” De Meo was quoted as saying.
[De Meo] was also key behind the decision to abandon the squad’s works engine programme in Viry-Chatillon for 2026 - Mercedes will power Alpine F1 cars next season - while bringing on board fellow Italian Flavio Briatore as executive advisor last year.
The memes write themselves
He is probably talking about Renault’s global numbers here, not about the F1 team. But it definitely reads funnily