Gucci CEO Marco Bizzarri to Exit

Gucci CEO Marco Bizzarri to Exit

Gucci CEO Marco Bizzarri to Exit.

Bizzarri has been CEO of Gucci since 2015.

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His last day with the company will be Sept.

23, Reuters reports.

His last day with the company will be Sept.

23, Reuters reports.

Gucci owner Kering has named Jean-Francois Palus to act as the company's new CEO and president during this transitional period.

Gucci owner Kering has named Jean-Francois Palus to act as the company's new CEO and president during this transitional period.

Jean-Francois has been my right-hand man and a daily sparring partner for several decades.

He will now focus his energy on getting our largest asset in top shape, Francois-Henri Pinault, Kering Chairman and CEO, via statement.

Gucci had impressive growth under Bizzarri from 2015-2019 but failed to maintain that trajectory following the pandemic.

Gucci had impressive growth under Bizzarri from 2015-2019 but failed to maintain that trajectory following the pandemic.

Rivals Louis Vuitton and Hermes managed better comebacks during that period, Reuters reports.

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Rivals Louis Vuitton and Hermes managed better comebacks during that period, Reuters reports.

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Kering is in transition, as the relaunch of its mega-brand Gucci is still work in progress, Luca Solca, Bernstein analyst, via statement .

Other recent changes include Sabato De Sarno's appointment as creative director.

Francesca Bellettini's new role as Kering's deputy CEO of brand development... ... and Jean-Marc Duplaix being appointed as Kering's deputy CEO of operations and finance.

De Sarno's debut fashion show will take place in Milan in September, Reuters reports.