Kering's Leadership Shift: A New Era Begins
Kering announces a leadership change as it struggles to meet expectations. CEO François-Henri Pinault will remain chairman, while Renault boss Luca de Meo is set to become the new CEO. Pinault promises continued involvement as the company reorganizes for better performance.
- Country:
- France
Kering has announced a major reorganization as it faces performance challenges, with CEO François-Henri Pinault stepping down to focus on his role as chairman. The announcement coincides with hiring Luca de Meo, the current head of Renault, as the company's new CEO.
During a conference call, Pinault emphasized his commitment to remaining 'fully involved' in the business alongside de Meo, who is expected to steer the luxury brand towards renewed success.
The change marks a pivotal moment for Kering as it strives to align its structure with its ambitious goals and overcome current shortcomings in their performance metrics.
(With inputs from agencies.)
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