Gucci CEO Marco Bizzarri to Exit

Gucci CEO Marco Bizzarri to Exit.
Bizzarri has been CEO of Gucci since 2015. .
His last day with the company will
be Sept. 23, Reuters reports.
His last day with the company will
be Sept. 23, Reuters reports.
Gucci owner Kering has named Jean-Francois Palus to act as the company's new CEO and president during this transitional period.
Gucci owner Kering has named Jean-Francois Palus to act as the company's new CEO and president during this transitional period.
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, Francois-Henri Pinault, Kering Chairman and CEO, via statement.
Gucci had impressive growth under Bizzarri from 2015-2019 but failed to maintain that trajectory following the pandemic.
Gucci had impressive growth under Bizzarri from 2015-2019 but failed to maintain that trajectory following the pandemic.
Rivals Louis Vuitton and Hermes managed better comebacks during that period, Reuters reports. .
Rivals Louis Vuitton and Hermes managed better comebacks during that period, Reuters reports. .
Kering is in transition, as
the relaunch of its mega-brand Gucci is still work in progress, Luca Solca, Bernstein analyst, via statement .
Other recent changes include
Sabato De Sarno's appointment
as creative director.
Francesca Bellettini's new role as Kering's deputy CEO of brand development...
... and Jean-Marc Duplaix being appointed as
Kering's deputy CEO of operations and finance.
De Sarno's debut fashion show will take place in Milan in September, Reuters reports.