Kering parts ways with Marco Bizzarri, while Francesca Bellettini gets a promotion

The cards have been reshuffled at Kering. On Tuesday, the French luxury goods group announced major changes within the company. The biggest change: Marco Bizzarri, who has been with the group for 18 years, CEO of Gucci since 2015 and a member of the executive committee since 2012, is leaving the company. Jean-François Palus, deputy CEO of Kering, has been appointed CEO of Gucci for the time being.

Francesca Bellettini, CEO of Yves Saint Laurent since 2013, is taking on additional responsibilities. She has been appointed deputy CEO of the group in charge of the development of the houses. “In order to facilitate the transition, Francesca Bellettini will gradually take up her new duties over the coming months; a new Yves Saint Laurent management team has been put in place,” the group said in a statement.