Gucci CEO Marco Bizzarri to Step Down in September as Part of Kering Management Shakeup

Marco Bizzarri is exiting as Gucci CEO after an eight-year tenure that saw rapid expansion followed by sales slowdowns.
Jean-François Palus, Kering's managing director, will serve as Gucci's interim CEO during the transition period.
The changes come amid Gucci lagging behind luxury rivals LVMH and Hermès in recent sales growth.
Francesca Bellettini and Jean-Marc Duplaix have been elevated to Kering deputy CEO roles overseeing brand development and operations/finance.
Kering aims to boost Gucci's momentum in China and globally to capture more growth in the luxury market.