Kering's Board of Directors is set to gain three new members with the proposed appointments of Rachel Duan, Giovanna Melandri, and Dominique D'Hinnin. The company will seek shareholder approval for these additions at the Annual General Meeting on April 25, 2024.
New Board Members Bring Diverse Expertise
- Rachel Duan: A seasoned executive with 25 years at General Electric, Duan boasts extensive experience in the Asian market and global leadership.
- Giovanna Melandri: Melandri, an expert in sustainability and social impact, will contribute her knowledge of sustainable finance and economics.
- Dominique D'Hinnin: D'Hinnin brings a strong financial background and corporate governance experience to the table, having served as Chairman of Eutelsat Communications and CFO of Lagardère Group.
Increased Board Diversity
With these appointments, Kering's Board will grow to 13 members, with 64% being independent directors and 55% women. The Board will also boast representation from six nationalities: American, British, Chinese, French, Italian, and Turkish.
Departing Board Members
These additions come alongside the departures of Jean-François Palus (now Gucci CEO), Tidjane Thiam (focusing on political commitments), and Emma Watson (term expiry).
About Kering
A global Luxury group, Kering manages the development of a series of renowned Houses in Fashion, Leather Goods and Jewelry: Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo, Qeelin and Ginori 1735, as well as Kering Eyewear and Kering Beauté. By placing creativity at the heart of its strategy, Kering enables its Houses to set new limits in terms of their creative expression while crafting tomorrow’s Luxury in a sustainable and responsible way. We capture these beliefs in our signature: “Empowering Imagination”. In 2023, Kering had 49,000 employees and revenue of €19.6 billion.