Kering strengthens Governance and Operations
18 Juli 2023 - 5:41PM
Kering strengthens Governance and Operations
Press release - Kering strengthens governance and operations 18
07 23
PRESS RELEASE |
July 18, 2023 |
KERING
STRENGTHENS GOVERNANCE
AND OPERATIONS
Kering today announced a series of top
appointments aimed at reinforcing stewardship of its Houses,
further elevating operational expertise at Group level, and
strengthening its organization.
Francesca Bellettini, President and CEO of Yves
Saint Laurent since 2013, in addition to her current role, is
appointed Kering Deputy CEO, in charge of Brand Development.
All brand CEOs will report to her, and she will be responsible for
steering the Group Houses in their next stages of growth. To ensure
a smooth transition, Francesca Bellettini will gradually assume her
new responsibilities over the coming months and a new Yves Saint
Laurent top management lineup has been put in place.
Marco Bizzarri, President and CEO of Gucci since
2015 and a member of Kering’s executive committee since 2012, will
leave the company effective September 23, 2023. A key member of the
Kering leadership Group for 18 years, Marco Bizzarri has
masterminded the execution of Gucci’s outstanding growth strategy
since 2015, following successful assignments at other Kering Group
entities.
Jean-François Palus, currently Kering Group
Managing Director, is appointed President and CEO of Gucci for a
transitional period. He is tasked with strengthening Gucci’s teams
and operations as the House rebuilds influence and momentum, and
readying its leadership and organization for the future.
Jean-François Palus will relinquish his position on the Board of
Directors of Kering and relocate to Milan.
Jean-Marc Duplaix, Chief Financial Officer since
2012, is appointed Kering Deputy CEO, in charge of Operations and
Finance. Jean-Marc Duplaix will head all Group corporate functions
and be responsible for enhancing efficiency and accountability.
François-Henri Pinault, Kering Chairman and CEO,
stated: “We are building a more robust organization to fully
capture the growth of the global Luxury market. I look forward to
working with Francesca in her new executive leadership role; while
being instrumental in multiplying revenues sixfold since she joined
Saint Laurent, she has been a fantastic partner, and all brands as
well as the Group will now benefit from her expertise. Jean-Marc
has overseen our transformation into an integrated Luxury group,
and I count on him to continue infusing discipline and
responsibility across the organization and foster the continuing
development of best-in-class practices in all our operations.
Jean-François has been my right-hand man and a daily sparring
partner for several decades, he will now focus his energy on
getting our largest asset in top shape, and I couldn’t be more
grateful.” He added: “I want to thank Marco for his spectacular
contribution to the success of Gucci and of Kering, and I wish him
well in his future endeavors. I am confident that the changes we
are announcing today will set Kering on a path to success and
profitable growth over the long term.”
About
Kering
A global Luxury group, Kering manages the
development of a series of renowned Houses in Fashion, Leather
Goods and Jewelry: Gucci, Saint Laurent, Bottega Veneta,
Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo,
Qeelin, as well as Kering Eyewear and Kering Beauté. By placing
creativity at the heart of its strategy, Kering enables its Houses
to set new limits in terms of their creative expression while
crafting tomorrow’s Luxury in a sustainable and responsible way. We
capture these beliefs in our signature: “Empowering Imagination”.
In 2022, Kering had over 47,000 employees and revenue of €20.4
billion.
Contacts
Press |
|
|
Emilie
Gargatte |
+33 (0)1 45 64 61
20 |
emilie.gargatte@kering.com |
Marie de
Montreynaud |
+33 (0)1 45 64 62
53 |
marie.demontreynaud@kering.com |
|
|
|
Analysts/investors |
|
|
Claire
Roblet |
+33 (0)1 45 64 61
49 |
claire.roblet@kering.com |
Julien
Brosillon |
+33 (0)1 45 64 62
30 |
julien.brosillon@kering.com |
- Press release - Kering strengthens governance and operations 18
07 23
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