Kering Appoints New Deputy CEOs and Announces Governance Changes

by Warren Seah

Kering, the French luxury-goods major, has recently made several key appointments as part of its ongoing governance changes. Francesca Bellettini and Jean-Marc Duplaix will both join the company as deputy chief executive officers, taking on new responsibilities within the organization.

Francesca Bellettini, currently serving as president and CEO of Yves Saint Laurent, will now also be responsible for brand development. She will gradually assume these new responsibilities over the coming months. On the other hand, Jean-Marc Duplaix, who has been the chief financial officer since 2012, will take charge of the company’s operations and finance.

Additionally, Kering has announced that Marco Bizzarri, the president and CEO of Gucci and a member of Kering’s executive committee, will be leaving the company on September 23. During a transitional period, Jean-François Palus, currently serving as managing director at Kering, will take on the role of president and CEO of Gucci.

Kering’s Chairman and CEO, François-Henri Pinault, expressed optimism about the changes, stating, “We are building a more robust organization to fully capture the growth of the global luxury market. 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.”

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