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Gucci Owner Taps Renault’s De Meo as CEO for Turnaround Mission

Luca de MeoPhotographer: Nathan Laine/Bloomberg

Takeaways by Bloomberg AI

Kering SA named Luca de Meo as its next chief executive officer, looking to the architect of carmaker Renault SA’s turnaround to perform the same feat at the owner of the struggling fashion label Gucci.

The roles of CEO and chairman currently held by Francois-Henri Pinault will be split, Kering said in a statementBloomberg Terminal Monday. De Meo will take over as CEO in mid-September and Pinault will remain chairman of the French luxury group his family controls.