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Luca de Meo has been appointed chief executive of Kering and is expected to take office on 15 September, pending shareholder approval.
The luxury group confirmed his appointment following a board meeting chaired by Kering chairman François-Henri Pinault.
The board’s decision, based on the recommendation of the appointments and governance committee, introduces a new governance structure that separates the roles of chairman and chief executive.
Shareholders will be asked to approve de Meo’s appointment as a director and the related compensation policy at a meeting scheduled for 9 September. If approved, he will formally assume the role six days later.
Pinault said: “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.”
De Meo added: “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.”
