Renault Announces Finance Leadership Veteran as New CFO
Renault Group has announced the appointment of Carine Damois as the firm’s new Chief Financial Officer, effective 14 November 2026, succeeding outgoing executive Duncan Minto.
Carine will report to Renault Group CEO François Provost and will be a member of the company’s leadership team.
Discussing Carine’s appointment, François says: “I am delighted to welcome Carine Damois to Renault Group. Her recognised financial expertise, strong industrial background and international perspective make her the ideal leader for our Finance function.”
As we continue to execute our strategy and aim to maintain a high level of financial performance, I am confident that Carine will play a decisive role in achieving our ambitions.”
- Carine Damois will take up her role as Renault Group's new CFO on 14 November 2026
- Carine brings more than 20 years of experience in financial governance, digital transformation and corporate services
- As Deputy CFO of Michelin, Carine oversaw key finance functions across more than 100 countries
- Renault Group has announced plans to invest more than €10bn (US$11.17bn) in France over the next five years in electric vehicles and more affordable cars
- Electric vehicles reached a record 42% of new car registrations in France in September
Experience in finance, transformation and business strategy
Carine brings more than 20 years of experience in financial governance, digital transformation and corporate services across several international organisations.
Since 2021, she has served as Deputy Chief Financial Officer of Michelin, where she oversaw key finance functions across more than 100 countries and played a key role in driving the group's performance and transformation strategies.
Before joining Michelin's Executive Committee, she held several senior leadership roles within Michelin and the AREVA Group, covering areas such as manufacturing, logistics, energy, treasury and operations.
This experience has enabled Carine to develop a deep understanding of the strategic, financial and operational hurdles that many large international organisations are currently facing.
“As we continue to execute our strategy and aim to maintain a high level of financial performance, I am confident that Carine will play a decisive role in achieving our ambitions,” François adds.
He goes on to praise Duncan and thank the outgoing CFO for his “commitment and contribution to the Group's development over nearly three decades”.
Throughout her career, Carine has developed expertise across several areas of corporate finance, including management control, treasury, risk management, tax and customs, consolidation and reporting, strategic planning and sustainable finance, as well as corporate services and organisational transformation.
Her international background and experience will serve as valuable assets in supporting Renault Group’s performance, agility and excellence in execution.
Carine’s appointment reflects a strategic move by Renault Group’s leadership team to strengthen its financial performance and implement its futuREady strategic plan.
Renault Group’s next financial move
Renault Group has been making moves in more than just leadership.
This week, the firm announced plans to invest more than €10bn (US$11.17bn) in France over the next five years in electric vehicles and more affordable cars.
Discussing the investment strategy, François says: “Over the last five years, we invested €13bn (US$14.54bn) in France to transform entirely our industrial footprint to bet on electric… if the social and political context allows it, we will reinvest more than €10bn to continue pushing on electric and on making cars more affordable.”
Electric vehicles reached a record 42% of new car registrations in France in September, with demand boosted by the spike in fuel costs since the start of the US-Iran war.
“The reality is that today, we produce in France, in the French plants, more vehicles than before,” François adds. “In 2025, we produced 500,000 cars in France. In 2026, we will produce at least 25% more thanks to the rise of electric vehicles.”
Renault Group’s key partners:
Nissan Motor
Renault's longstanding global alliance partner collaborates heavily on vehicle manufacturing, EV architecture, and shared platform development.
CEO: Ivan Espinosa | Headquarters: Yokohama, Japan
Geely
Renault partners with Geely to co-develop joint venture combustion/hybrid powertrains (Horse Powertrain) and vehicles across global markets.
CEO: Gan Jiayue | Headquarters: Hangzhou, Zhejiang, China
Mitsubishi Motors
As part of the three-way Alliance, Mitsubishi collaborates with Renault on platform sharing, production efficiency, and regional market strategies.
CEO: Takao Kato | Headquarters: Tokyo, Japan
