Kering announces the appointment of Luca de Meo as Chief Executive Officer

Core Points - Kering has appointed Luca de Meo as Chief Executive Officer, marking a significant evolution in the company's governance structure [1][2] - The separation of the roles of Chairman and CEO is intended to align with best practices for major listed companies, enhancing leadership as Kering enters a new development phase [2][3] - The changes will be effective following the Shareholder Meeting scheduled for September 9, 2025, where Luca de Meo will be appointed as a Director and the compensation policy will be approved [3] Leadership Transition - François-Henri Pinault, the current Chairman, expressed confidence in Luca de Meo's leadership, citing his extensive experience and understanding of corporate culture as key factors for his selection [4] - Luca de Meo has expressed enthusiasm for leading Kering, emphasizing the strength of the Group's brands and the expertise of its people [4] Background of Luca de Meo - Luca de Meo has 30 years of experience in the automotive industry, previously serving as CEO of Renault Group and holding various leadership roles in major automotive companies [5][6] - He has a strong academic background, holding a degree in business administration and recognized as Bocconi Alumnus of the Year in 2017 [5] Company Overview - Kering is a global luxury group with a portfolio of renowned brands including Gucci, Saint Laurent, and Bottega Veneta, among others [9] - In 2024, Kering employed 47,000 people and generated revenue of €17.2 billion, reflecting its commitment to excellence and sustainability in the luxury industry [9]