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Finance

Kering shareholders approve appointment of Luca de Meo as CEO

Published by Global Banking and Finance Review

Posted on September 9, 2025

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PARIS (Reuters) -Shareholders for Gucci owner Kering approved the appointment of Luca de Meo as the group's CEO at its extraordinary shareholder meeting on Tuesday.

At the meeting's vote, 98.97% of the shareholders backed de Meo's appointment.

De Meo, who was hired from French automaker Renault in June, is taking over the job from Francois-Henri Pinault, who will remain the company's chairman.

De Meo, who will be tasked with reviving the debt-laden conglomerate, is the first outsider to run the company controlled by the billionaire Pinault family.

(Reporting by Mimosa Spencer and Tassilo Hummel; Editing by Makini Brice)