Overview

• Kering confirmed Luca de Meo as chief executive effective September 15, 2025, marking a split of the CEO and chairman roles.
• Francois-Henri Pinault will remain as chairman after initiating the governance evolution that led to de Meo’s appointment.
• Kering’s shares jumped as much as 13 percent following the announcement, reflecting investor optimism about fresh leadership.
• De Meo will step down from Renault on July 15, 2025, prompting the automaker’s board to launch a search for his successor.
• The appointment aims to revive Gucci, which saw a 25 percent drop in first-quarter sales, and to address Kering’s over €10 billion debt exposure.