Overview

• The annual meeting is scheduled to validate de Meo’s board seat, his compensation terms and proposals to raise leadership age caps.
• The entry indemnity totals €20 million, paid 75% in cash and 25% in Kering shares, to offset long‑term incentives forfeited at Renault.
• The board plans to formally name him director general after the meeting, with his start date set for September 15.
• Kering’s pressure points include first‑half net profit down 46% to €474 million and revenue down 16% to €7.6 billion, with Gucci sales dropping 27% to €1.46 billion.
• Artémis holds 42.3% of capital and 59.3% of voting rights, and the group is also contending with net financial debt of about €9.5 billion.