Shares in Gucci owner Kering surge as firm set to name Renault chief as new CEO
Salma Hayek and husband and CEO of Kering Francois-Henri Pinault at the Cannes Film Festival last month. Kering is assessing splitting the roles of CEO and chairman, which are both currently held by Mr Pinault. Picture: Doug Peters/PA Wire
Shares in Kering, the owner of the struggling Gucci fashion label, have surged as the firm prepares to name the chief executive officer of Renault as its next CEO in a bid for a turnaround.
Luca de Meo will be appointed to the job in the coming days, people familiar with the situation told Bloomberg News, confirming a report by Le Figaro on Sunday. The move follows speculation that Kering was assessing splitting the roles of CEO and chairman, which are both currently held by Francois-Henri Pinault.
