[Renault CEO will also serve as CEO and chairman of the board of directors of Ampere, an electric vehicle subsidiary.] De Meo, CEO of France's Renault Motor Company, will also serve as the chief executive officer and chairman of the board of directors of Ampere, the electric vehicle subsidiary of the group. Renault is expected to complete the spin-off of Ampere in the second half of 2023; Ampere has set a target of 30% CAGR by 2030.