France’s Kering names Luca de Meo as CEO in governance shake-up

This decision, initiated by François-Henri Pinault, marks a decisive step in the evolution of Kering’s governance and strengthens the Group’s leadership as it enters a new phase of its development.

Kering’s board, chaired by François-Henri Pinault, has appointed Luca de Meo as CEO, effective September 15, 2025, pending shareholder approval on September 9.
This marks a shift to a dual leadership model, with Pinault remaining chairman.
The move aims to strengthen governance and lead Kering into a new phase of growth, leveraging de Meo’s global experience and brand expertise.

As part of a renewed governance structure, the role of Chairman of the Board of Directors, held by François-Henri Pinault, will be separated from that of Chief Executive Officer. This governance structure is in line with best practices for major listed companies.

These changes will take effect upon the decision of the Board of Directors which will be held following the Shareholder Meeting to be called for September 9, 2025. The Shareholder Meeting will notably be asked to appoint Luca de Meo as a Director and to approve the compensation policy corresponding to this new organization. Subject to these approvals, Luca de Meo will take office on September 15, 2025.

François-Henri Pinault said: “After twenty 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.”

Luca de Meo said: “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.”

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Fibre2Fashion News Desk (RM)