The Kering Board of Directors, chaired by François-Henri Pinault, has approved the appointment of Luca de Meo as Ceo of the Group, as recommended by the Appointments and Governance Committee. This decision, initiated by François-Henri Pinault, marks a significant step in Kering’s governance evolution and strengthens the Group’s leadership as it enters a new phase of its development. As part of a renewed governance structure, the role of Chairman of the Board of Directors, held by François-Henri Pinault, will be separated from that of Chief Executive Officer. This governance structure aligns with best practices for major listed companies. These changes will take effect upon the decision of the Board of Directors, which will be held following the Shareholder Meeting to be called for September 9, 2025. The Shareholder Meeting will notably be asked to appoint Luca de Meo as a Director and to approve the compensation policy corresponding to this new organization. Subject to these approvals, Luca de Meo will take office on September 15, 2025.

August 2025