Kering SA named Luca de Meo as its next chief executive officer, looking to the architect of carmaker Renault SA’s turnaround to perform the same feat at the owner of the struggling fashion label Gucci.

After impressing with his turnaround of French automaker Renault, Luca De Meo is widely expected to be named as the new boss of Gucci owner and luxury powerhouse Kering.

In March it appointed Demna Gvasalia from its Balenciaga brand as chief designer, and has also appointed new designers at Balenciaga, Yves Saint Laurent and Bottega Veneta.