From January 2, 2025, Cédric Charbit will take over as CEO of Yves Saint Laurent and Gianfranco Gianangeli will become CEO of Balenciaga.

They will be reporting directly to Kering Deputy CEO in charge of Brand Development Francesca Bellettini, who will focus entirely on developing the group’s fashion, leather goods and jewellery brands.

Charbit was CEO of Balenciaga since 2016 and will succeed Belletini, while Gianangeli was Chief Commercial Officer of Yves Saint Laurent with experience in several Italian and French luxury brands.

Kering CEO François-Henri Pinault said: “These evolutions further reinforce our organisation. With Francesca Bellettini fully dedicated to her role as Kering Deputy CEO in charge of Brand Development, including the jewellery houses, and Jean-Marc Duplaix – whose role, as Kering Deputy CEO and Chief Operating Officer, is to ensure that all corporate departments work together efficiently and support all brands to achieve Kering’s strategic goals – we have the right leadership team in place to address current industry challenges and set the pace for long-term growth.”