Kering appoints new chief financial officer, Armel Polo

Kering named Armel Polo as its new chief financial officer on Friday, replacing Jean-Marc Duplex who was promoted to executive vice president last week.

The move comes amid widespread shake-up at the luxury giant as it seeks to reinvigorate growth. On Thursday, the company announced it would take a 30 percent stake in Valentino, while last week it shuffled its executive ranks.

Managing Director Jean-Fran├žois Palos heads to Milan to serve as interim CEO of Gucci after the brand’s flagship, Marco Bizzari, is ousted. To cover a key executive headquarters role and strengthen governance, Kering has appointed two executive vice presidents: Duplex will cover operations and finance, while Saint Laurent CEO Francesca Bellettini has been promoted to oversee brand development across the group (while continuing to lead the French brand).

Poulou attended HEC (the same French business school as Duplaix, Palus and Chairman Fran├žois-Henri Pinault) before working in finance roles at Procter & Gamble, Hewlett-Packard and EDF. She joined Kering in 2019.

Learn more:

As the CEO of Gucci steps down, the president of Saint Laurent steps up

Marco Bizzarri led the Italian luxury giant through a historic expansion before the company struggled to recover from the pandemic. Parent company Kering announced the move as part of a broader executive shake-up, after which Saint Laurent CEO Francesca Bellettini will oversee all of the group’s brands.

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