Kering announced the departure of Marco Bizzarri, the long-standing president and CEO of Gucci, effective from 23rd September. Bizzarri served as the head of Gucci for eight years, overseeing a period of revitalization for the brand, which had faced challenges regaining its appeal following the departure of designer Tom Ford in 2004.
Amid slower sales growth compared to major competitors like Louis Vuitton and Dior, both part of the LVMH Group, Gucci is seeing a shift in leadership. Jean-François Palus, currently Kering Group managing director, has been named president and CEO of Gucci for a transitional period.
Gucci represents a significant part of Kering’s business, contributing a majority of sales and profits to the French conglomerate, which is run and controlled by billionaire CEO François-Henri Pinault.
Pinault has also announced promotions for two other executives to serve as deputy CEOs. Francesca Bellettini, president and CEO of Saint Laurent since 2013, has been appointed Kering deputy CEO, in charge of brand development. All brand CEOs will report to her, and she’ll also keep her current role.
Additionally, Jean-Marc Duplaix, chief financial officer since 2012, has also been appointed Kering deputy CEO, in charge of operations and finance.
Have you read?
The highest-paid tech CEOs in the United States.
Highest-Paid Biopharmaceutical CEOs in the United States.
Executive Pay: Top 8 Highest-Paid Hotel CEOs.
Openly LGBTQ CEOs at the helm of major global companies.
Top countries that admire their CEOs and other C-suite leadership teams the most.
Add CEOWORLD magazine to your Google News feed.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.
This report/news/ranking/statistics has been prepared only for general guidance on matters of interest and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, CEOWORLD magazine does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.
Copyright 2024 The CEOWORLD magazine. All rights reserved. This material (and any extract from it) must not be copied, redistributed or placed on any website, without CEOWORLD magazine' prior written consent. For media queries, please contact: info@ceoworld.biz
SUBSCRIBE NEWSLETTER
