Kering Reshuffles Management, Francesca Bellettini Promoted to Group Deputy CEO

18 Jul 2023

MILAN — Kering’s major management reshuffle revealed on Tuesday leaves the group’s cash cow, Gucci, in a transitional phase and question marks eventually swirling over the top executive position at Yves Saint Laurent after a stellar upward trajectory over the past few years.

Kering is rewarding the person responsible for Saint Laurent’s growth, president and chief executive officer Francesca Bellettini, who appointed Anthony Vaccarello creative director of the French brand in 2016. She has been named a Kering deputy CEO, in charge of brand development. All Kering brand CEOs will now report to Bellettini, who is tasked with steering them in their next stages of growth.