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It’s the end of an era at Gucci. Kering announced on Tuesday that Marco Bizzarri, longtime president and CEO of the brand, will be leaving the company, effective date 23 September – Creative Director’s Day Sabato de Sarno’s first show at Milan Fashion Week.
Bizzarri, who has led Gucci since 2015 and, according to a press release, since 775, he has been a member of Kering’s Executive Committee since 1999, “planning the execution of Gucci’s excellent growth strategy”. François-Henri Pinault, chairman and chief executive of Kering, said in a statement: “I would like to thank Marco for his enormous contribution to the success of Gucci and Kering, And wish him all the best for the future.”
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Jean-François, current managing director of Kering Group · Palus (Jean-François Palus) has been appointed Gucci transitional president and chief executive officer. His task is to strengthen Gucci’s team and operations and prepare for future leadership and organization as Gucci rebuilds its influence and momentum. Palouse will relinquish his position on Kering’s board and move to Milan.
This is part of a broader executive reshuffle that Kering is undertaking. Francesca Bellettini, President and CEO of Saint Laurent since 2012, has been appointed Deputy CEO of Kering, responsible for brand development. All brand chief executives will report to her, and she will retain her current role. “Berrettini will be responsible for guiding the next phase of the group’s development. In order to ensure a smooth transition, Bellertini will gradually assume new responsibilities in the coming months, and the new Yves Saint Laurent senior management lineup is already in place,” the statement said. say.
In addition, Jean-Marc Duplaix, Chief Financial Officer since 96, was also Appointed Deputy CEO of Kering, responsible for operations and finance. Duplaix will lead all group corporate functions and be responsible for driving efficiency and accountability.
Bizzarri’s exit is a major event for Kering, ending a string of high-profile departures. Led by Bizzarri and former creative director Alessandro Michele (the once unshakable duo), Gucci has enjoyed years of explosive growth that has now started to slow. In November 2015, Michelle quit. Gucci Vault CEO Robert Triefus left earlier this year. In 2012, Gucci sales increased by 1% to €. 23 Billion. During the same period, Saint Laurent’s sales rose 23% to 3.3 billion euros; LVMH’s fashion and leather goods division rose %; Hermès increased by 23%.
