Kering’s Board of Directors, chaired by François-Henri Pinault, has approved the appointment of Luca de Meo as Chief Executive Officer of the Group, marking a major governance shift for the French luxury conglomerate.

The decision, recommended by the Appointments and Governance Committee, represents a strategic evolution for Kering as it enters a new phase of leadership and growth. In a significant structural change, the roles of Chairman and CEO will be separated aligning the Group with global best practices for major listed companies.

The transition will take effect following a Shareholder Meeting scheduled for September 9, 2025, where shareholders will vote on de Meo’s appointment as Director and the new compensation policy. Pending approval, de Meo will officially assume the CEO role on September 15, 2025.

François-Henri Pinault, who has led Kering for two decades, described the appointment as a carefully considered next step. “After twenty years of transforming Kering into a major global luxury player, the Group is ready for a new stage in its development,” he said. “Luca’s 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 he is the leader I was looking for.”

Luca de Meo, currently CEO of Renault Group, brings extensive international leadership and brand expertise. Commenting on his appointment, he said: “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.”

As Chairman, Pinault will continue to guide Kering’s long-term vision while de Meo steers operational leadership.