Overview

• Investors backed de Meo’s appointment by 98.97% of votes, confirming his start date of Sept. 15.
• De Meo vowed "clear and strong" decisions before year-end to speed up operations, cut debt and costs, and rationalize underperforming brands.
• He said a full strategic plan will be unveiled next spring, with immediate actions focused on better capital allocation and an operational rebound.
• The move makes de Meo Kering’s first external chief in two decades as François‑Henri Pinault relinquishes the CEO title and remains chairman.
• Shareholders approved a €20 million sign‑on package for de Meo as Kering confronts steep declines at Gucci and a 46% drop in first‑half net profit.