Tidjane Thiam, recently elected President of the Democratic Party of Ivory Coast, has resigned from his role as Director to the Chairman of Kering’s Board of Directors.
This move is attributed to Thiam's need for time to focus on his political commitments. Serving as an independent Director since June 2020, and Chair of the Audit Committee, Thiam's departure prompts the Board, led by François-Henri Pinault, to express gratitude for his contributions.
The Appointments and Governance Committee will initiate a succession process in the upcoming weeks. While Thiam's resignation prompts changes, current committee compositions will be reviewed upon future appointments.
Kering, a global luxury group, shapes iconic fashion houses like Gucci and Balenciaga, prioritizing creativity to redefine luxury responsibly. With over 47,000 employees, it reported €20.4 billion revenue in 2022.
