Kering shuffles leadership appointing new Balenciaga and Saint Laurent CEOs

Luxury fashion conglomerate, Kering, has appointed Cédric Charbit as CEO of Saint Laurent and Gianfranco Gianangeli as CEO of Balenciaga, effective 2 January 2025.

After an illustrious career in the luxury industry, Cédric Charbit joined Kering in 2012 as Product Strategy Director of Saint Laurent and was subsequently appointed CEO of Balenciaga in 2016. Cédric, who will succeed current Saint Laurent CEO Francesca Bellettini, will leverage his expertise and leadership to further develop the Parisian House.

Gianfranco Gianangeli also boasts a long-spanning career in the luxury industry. He was previously the CEO of Maison Margiela and most recently the Chief Commercial Officer of Saint Laurent. Succeeding Charbit at the helm of Balenciaga, he is tasked with strengthening and expanding the House’s reach and renown.

In a statement, the company said that both will report to Francesca Bellettini, Kering’s Deputy CEO in charge of Brand Development. From January, Bellettini will solely be dedicated to the development of all Kering fashion, leather goods and jewellery houses.

Francesca Bellettini, Kering Deputy CEO in charge of Brand Development, said: “I am proud to announce the appointment of Cédric as CEO of Saint Laurent. With his profound understanding of the House and of its unique identity, Cédric is exceptionally prepared to drive the continued growth and success of Saint Laurent. Equally, I am confident that Gianfranco is the ideal leader to succeed Cédric as CEO of Balenciaga.

“Gianfranco’s extensive expertise and vision make him the perfect choice to further elevate the House and build on its remarkable achievements.

“Having had the privilege of knowing and working closely with both Cédric and Gianfranco for many years, I have no doubts they are the best choices to take the helm of Saint Laurent and Balenciaga. I am certain they will excel in their new roles, guiding their respective Houses toward even greater success”.