Renault named Francois Provost as CEO on Wednesday, opting for a low-profile 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.

François Provost, 57, has been appointed CEO and director of Renault Group for a four-year term. He replaces Luca de Meo, who left in June to join luxury goods group Kering. Previously chief procurement,