Group 1 - Luca de Meo officially assumes the role of CEO of Kering Group, marking a significant governance restructuring and the separation of the roles of Chairman and CEO [1][3] - The appointment was initiated on June 16, with a shareholder meeting on September 9 approving the new governance structure and compensation policy for de Meo, which includes a fixed salary of €2.2 million, a potential bonus of up to €1.21 million by 2025, and a signing bonus of €20 million [1][2] - The age limits for the Chairman and CEO positions have been extended to 80 and 70 years respectively, providing institutional support for a stable transition in management [1] Group 2 - De Meo outlined his strategic direction, focusing on deleveraging and cost reduction, with potential brand restructuring and positioning adjustments, while also expanding product and business areas [2] - Kering's financial performance showed a 16% year-on-year decline in overall revenue to €7.587 billion, with core brand Gucci experiencing a 25% drop in comparable sales, impacting overall profitability [2] - The governance change aligns with best practices for large public companies, with de Meo taking full responsibility for daily operations while François-Henri Pinault focuses on his role as Chairman [3]