French luxury goods company Kering has announced the appointment of Cedric Charbit as CEO of Saint Laurent and Gianfranco Gianangeli as CEO of Balenciaga respectively.
Both will report to Francesca Bellettini, who will transition to a new role as Kering Deputy CEO in charge of Brand Development of all Kering Fashion, Leather Goods and Jewelry Houses.
'I am proud to announce the appointment of Cedric as CEO of Saint Laurent. With his profound understanding of the House and of its unique identity, Cedric is exceptionally prepared to drive the continued growth and success of Saint Laurent. Equally, I am confident that Gianfranco is the ideal leader to succeed Cedric as CEO of Balenciaga. Gianfranco's extensive expertise and vision make him the perfect choice to further elevate the House and build on its remarkable achievements. Having had the privilege of knowing and working closely with both Cedric and Gianfranco for many years, I have no doubts they are the best choices to take the helm of Saint Laurent and Balenciaga. I am certain they will excel in their new roles, guiding their respective Houses toward even greater success,' said Francesca Bellettini, Kering Deputy CEO in charge of Brand Development.
'These evolutions further reinforce our organization. With Francesca Bellettini fully dedicated to her role as Kering Deputy CEO in charge of Brand Development, including the Jewelry 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,' Francois-Henri Pinault, Chairman & CEO of Kering, stated.
Charbit previously served as CEO President and CEO of Balenciaga since 2016, a role in which he expanded the brand's presence and relaunched its Haute Couture. He started his career at Printemps in 2001 where he held various roles before becoming Deputy Director and General Merchandising Manager. In 2009, he was appointed Deputy Chief Executive of Pucci, part of the LVMH group.
He joined Kering in 2012 as Product Strategy Director of Saint Laurent in Paris and later became Executive Vice President, overseeing Product, Retail Merchandising, and Communication. In July 2019, joined the Kering Executive Committee. As the new CEO of Saint Laurent, Charbit will leverage his expertise and leadership to further develop the iconic Parisian House, building on its unique positioning, heritage, and identity.
Gianangeli was Chief Commercial Officer of Saint Laurent since September 2023 while prior to that he was appointed CEO of Maison Margiela in 2020. He began his career at Bottega Veneta in 2006, and held different roles in Merchandising. In 2011, he was appointed Associate International Director at Prada, before joining Givenchy in 2013 as Global Retail Director. In 2017 he joined his namesake knitwear manufacturing company, Gianangeli Srl, in Italy, as Owner and CEO. As the new CEO of Balenciaga, his task will be to continue strengthening and expanding the House's reach and renown.
Charbit and Gianangeli will begin their new roles on January 2, 2025.
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