His departure had been in the air for weeks. The confirmation came today in the late afternoon: Gucci announced that Stefano Cantino will leave the company. In another message, the French luxury group announced that Francesca Bellettini is new CEO from Gucci.
Cantino’s departure and Bellettinnis headed by Gucci show that the strategy of Luca de Meo, CEO of Kering, has become apparent quickly since Monday.
Slimmer organization
“I thank Gucci and Kering for the professional opportunity that was offered to me. It is an honor for me to have contributed to the development of the company in such an important phase of their development,” said Cantino in the message.
The manager came to Gucci in May 2024 and was appointed CEO of the Florentine brand in October of the same year. He was subordinate to Francesca Bellettini.
“I would like to thank Stefano for his commitment to Gucci. During his term, he made a significant contribution to strengthening the basic values of the brand and to definition her positioning. We thank him for his commitment and wish him every success,” emphasized the new CEO and President of Gucci, Francesca Bellettini.
“At this crucial moment, I would like to build a slimmer and defined organization in which the best talents lead our maison. Gucci deserves the greatest attention as a flagship of our group. Francesca, one of the most experienced and respected experts in our industry, will bring in the management and the perfect execution skills to bring the brand back to its rightful place,” said Luca de Meo.
Kering abolishes the position of deputy CEOs
“I feel very honored to take on direct responsibility for Gucci, one of the most iconic luxury brands in the world. I look forward to working under the direction of Luca de Meo, whose innovative and fresh perspective inspires us to cross borders. emphasized Bellettini.
Jean-Marc Duplaix will continue to act as a Chief Operating Officer of the Kering Group and support Luca de Meo both in the development of the group and in leading your organization.
As part of this change, the function of the deputy CEO from Kering is abolished.
This article was used with digital tools translated.
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