Kering (PRTP.PA) has named managing director Jean-Francois Palus as Gucci’s new CEO and president for a transitional period, part of a management reshuffle at the top ranks of the French luxury goods group aimed at restoring momentum at its star label.
Marco Bizzarri, who has led Gucci since 2015, will leave the company on Sept. 23, the French owner of the Italian brand said.
“Jean-Francois has been my right-hand man and a daily sparring partner for several decades. He will now focus his energy on getting our largest asset in top shape,” Kering Chairman and CEO Francois-Henri Pinault said in a statement Tuesday.