French carmaker Renault said Josep Maria Recasens would become the new CEO of Renault's electrical vehicles unit Ampere on April 1, replacing group CEO Luca de Meo in that role.

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PARIS (Reuters) -French carmaker Renault said Josep Maria Recasens would become the new CEO of Renault's electrical vehicles unit Ampere on April 1, replacing group CEO Luca de Meo in that role.

The firms will be able to reduce their cross-ownership to no less than 10%, from 15% previously, Renault said.

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