Kering: Francesca Bellettini appointed President and CEO of Gucci

Core Viewpoint - Francesca Bellettini has been appointed as the President and CEO of Gucci, aiming to restore the brand's prominence within Kering's luxury portfolio [2][3]. Group 1: Leadership Changes - Francesca Bellettini will report directly to Luca de Meo, the CEO of Kering, emphasizing a streamlined organizational structure [2][3]. - Luca de Meo highlighted the need for a focused approach to enhance Gucci's performance, stating that Bellettini's leadership will be crucial for the brand's revival [3]. - The role of Kering Deputy CEO will be eliminated as part of this organizational change [4]. Group 2: Francesca Bellettini's Background - Bellettini joined Kering in 2003 and has held various significant positions, including President and CEO of Saint Laurent and Kering Deputy CEO in charge of Brand Development [6]. - Prior to her tenure at Kering, she worked in investment banking and held roles at the Prada group and Helmut Lang [6]. Group 3: Kering Overview - Kering is a global luxury group that includes brands such as Gucci, Saint Laurent, and Bottega Veneta, with a commitment to creativity, sustainability, and excellence [7]. - In 2024, Kering employed 47,000 people and generated revenue of €17.2 billion [7].