Kering shares up, Renault down
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The former chief executive of the carmaker Renault will replace Francois-Henri Pinault as the struggling company seeks a turnaround.
Renault SA tumbled the most since July as Chief Executive Officer Luca de Meo prepared to leave the French automaker and join Kering SA as its next leader.
Renault's CEO Luca de Meo resigned on Sunday, and he is poised to succeed François-Henri Pinault, Le Figaro reported Sunday.