Finance
Kering reorganises to boost efficiency at brands
Published by Global Banking & Finance Review®
Posted on March 2, 2026
2 min readLast updated: March 2, 2026
Quick Summary
Kering, under CEO Luca de Meo, has reshuffled its leadership to sharpen brand operations. Stephane Noel becomes Chief Industrial Officer from April 1, and Carlo Mocci takes on Chief Client Officer from May 6, both joining the executive committee to enhance supply chain, quality, marketing, and clien
Gucci owner Kering hires automotive executive to lead manufacturing overhaul
Kering's Strategic Leadership Changes and Manufacturing Overhaul
Appointment of Automotive Industry Executive
PARIS, March 2 (Reuters) - Gucci-owner Kering has hired an automotive industry executive to lead an overhaul of its manufacturing division, it announced on Monday as part of a new structure to improve efficiency at the heavily indebted luxury group under its new CEO.
Background of Luca de Meo and Stephane Noel
Luca de Meo, himself formerly Renault boss, tapped Stephane Noel from car parts manufacturer Forvia to be Kering's chief industrial officer.
Noel's Role and Responsibilities
Noel, who will start on April 1, will "strengthen upstream and downstream supply performance while ensuring the highest standards of quality, compliance, and traceability", Kering said in a statement.
Industry Context and Additional Appointments
Luxury Industry Supply Chain Challenges
Luxury brands have been hit with worker abuse scandals at leather goods factories in Italy, prompting some to seek greater control over their supply chains.
Carlo Mocci's Appointment as Chief Client Officer
Kering also named Carlo Mocci as its chief client officer, who will be overseeing the group's marketing and client strategy, starting on May 6. Both will join the executive committee, reporting to de Meo.
(Reporting by Helen Reid; Editing by Alex Richardson and Tomasz Janowski)
Key Takeaways
- •Kering’s new structure aims to improve operational efficiency across its houses under Luca de Meo’s turnaround plan (reported March 2 by Reuters)
- •Stephane Noel, as Chief Industrial Officer from April 1, will focus on strengthening supply chain and quality control
- •Chief Client Officer Carlo Mocci, effective May 6, will lead marketing and client strategy—both report directly to CEO Luca de Meo
- •These appointments align with broader efforts: reducing Gucci dependency, cutting costs and debt, and selling the beauty division to L’Oréal for €4 billion
Frequently Asked Questions about Kering reorganises to boost efficiency at brands
1Why is Kering reorganising its brands?
Kering is reorganising its brands to improve operational efficiency and address challenges under new CEO Luca de Meo.
2Who are the new executive appointees at Kering?
Stephane Noel has been appointed as chief industrial officer, and Carlo Mocci will be chief client officer.
3What will Stephane Noel's responsibilities include?
Stephane Noel will strengthen the supply chain and quality across Kering's brands as chief industrial officer.
4When will the new executive roles at Kering take effect?
Stephane Noel starts on April 1, and Carlo Mocci begins on May 6.
5To whom will the new executives report?
Both new executives will report directly to Kering CEO Luca de Meo and join the executive committee.
