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Luca de Meo to Succeed François-Henri Pinault as Kering CEO
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François-Henri Pinault is to relinquish his role as CEO of Kering. Luca de Meo, who has been CEO of Renault since 2020, will succeed him, Kering confirmed on Monday. In anticipation of the news being confirmed, the luxury group's stock rose 13 per cent on Monday.
The Milan-born executive, whose exit from Renault is effective on 15 July, will assume the role at Kering in September. 'These changes will take effect upon the decision of the Board of Directors which will be held following the Shareholder Meeting to be called for September 9, 2025,' the group said in a note shared today. De Meo's résumé also includes CEO of Seat, CMO of Volkswagen Group and CEO of Fiat.
"After twenty years of transforming Kering into a major global luxury player, the Group is ready for a new stage in its development. From 2023, I launched a reflection on the evolution of the Group's governance. It was in this context that I met Luca de Meo. His 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 that he is the leader I was looking for to bring a new vision and steer this chapter in our Group's history. It is with complete confidence that I am handing over the leadership of Kering and our teams to Luca. I will of course be at his side to accompany him in this new phase, as Chairman of the Board of Kering,' said François-Henri Pinault.
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