French luxury group and Gucci-owner Kering has announced the appointment of former Renault CEO Luca de Meo as the new chief of the group. The strategic move strengthens the group's leadership and supports its growth trajectory.

By Gilles Guillaume, Mathieu Rosemain and Mimosa SpencerPARIS (Reuters) -Gucci owner Kering is poised to hire Renault Chief Executive Luca de Meo to help revive the debt-laden luxury conglomerate, five sources said on Monday,

The appointment of de Meo, 58, marks a big change at Kering, owner of the Gucci and Saint Laurent brands, where François-Henri Pinault, a member of the family that controls the group, has been chair and chief executive for 20 years.