French luxury group and Gucci-owner Kering has announced the appointment of former Renault CEO Luca de Meo as the new chief of the group.
The strategic move strengthens the group’s leadership and supports its growth trajectory.
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The decision, led by chairman of the board of directors François-Henri Pinault, aims to bolster Kering’s leadership as the company embarks on a new development phase.
François-Henri Pinault stated: “After 20 years of transforming Kering into a major global luxury player, the group is ready for a new stage in its development. From 2023, I launched a reflection on the evolution of the group’s governance. It was in this context that I met Luca de Meo.
“His experience at the helm of an international listed group, his sharp understanding of brands and his sense of a strong and respectful corporate culture convinced me that he is the leader I was looking for to bring a new vision and steer this chapter in our group’s history. It is with complete confidence that I am handing over the leadership of Kering and our teams to Luca. I will of course be at his side to accompany him in this new phase, as chairman of the board of Kering.”
The appointment of Luca de Meo was recommended by the appointments and governance committee.
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By GlobalDataThe move will separate the role of chairman, held by Pinault, and that of CEO, as part of an improved governance structure, aligning with best practices for major listed companies.
The implementation of these changes is contingent upon the board of directors’ decision, which will follow the shareholder meeting scheduled for 9 September 2025.
Shareholders will vote on appointing Luca de Meo as a director and on the compensation policy for the new governance structure.
Pending shareholder approval, Luca de Meo will assume the new role on 15 September 2025.
Luca de Meo stated: “I would like to thank François-Henri Pinault and the board of directors for choosing me to lead Kering into this new phase of development. I am approaching this new professional challenge with enthusiasm, eagerness and confidence, inspired by the strength of the group’s brands and the expertise of its people. I am convinced that together we will continue to make Kering an essential player in the luxury industry.”
