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.

PARIS (Reuters) -Renault named Francois Provost, its chief procurement officer, as CEO on Wednesday, opting for a little-known company insider to steer the French carmaker through growing competition and weak demand that triggered a profit warning earlier this month.

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.