PARIS (Reuters) -Incoming Renault CEO Francois Provost will take the helm of the French automaker at a time when it is beginning to show cracks in its recent success, revising down its full year profit forecast earlier this month due to weaker sales volumes.

Renault appoints Francois Provost as CEO after Luca de Meo’s exit, facing EV pressure, trade risks, and a $10.97B Nissan-related write-down.

The French carmaker Renault has named François Provost as its new CEO, succeeding Luca de Meo, who stepped down to join luxury group Kering. Provost, who has