European stock markets close lower; Renault appoints Duncan Minto as interim CEO

French automaker بTuesday announced the appointment of Duncan Minto as interim chief executive officer. It comes after former CEO Luca de Meo abruptly resigned last month after around five years at the helm of the company.

“Currently CFO of Renault Group, Duncan Minto will ensure the day-to-day management of the company alongside Jean-Dominique Senard, who will hold the position of Chairman of Renault s.a.s., the operating company of the Group, during this period,” Renault said in a statement.

The carmaker is poised to report its half-year results on July 3European stock markets closed lower for a third session straight on Tuesday, with the regional Stoxx 60 index provisionally shedding 0.37%.

The morning’s cautious optimism that the European Union will negotiate a trade deal with the White House before the end of the month was outweighed by global growth concerns in afternoon deals, after data showed U.S. inflation rose to 2.7% from 2.4% in June1.