New Board Members Appointed at Kering

Kering’s Board of Directors, following the recommendation of the Appointments and Governance Committee, aims to nominate three distinguished individuals as independent directors during the upcoming Annual General Meeting scheduled for April 25, 2024.

Here’s a brief overview of the proposed candidates:

  • Rachel Duan, a Chinese national, boasts an extensive 25-year tenure at General Electric (GE), where she held various high-ranking positions across the United States, Japan, and China. Notably, she served as Senior Vice President of GE and acted as President and CEO of GE Global Markets. With her profound understanding of the Asian market and rich international experience in operations and corporate governance, she is poised to bring invaluable insights to Kering’s Board of Directors.
  • Giovanna Melandri, holding dual Italian and US citizenship, is an esteemed economist specializing in sustainability and cultural matters. As President of Human Foundation, an entity advocating impact economy and sustainable finance, and as the founder and global ambassador of the Global Steering Group for Impact Investment, she has demonstrated her commitment to driving positive change. With nearly two decades of service in the Italian Parliament, focusing on foreign affairs, culture, and women empowerment, including ministerial roles in Culture and Youth Policy and Sports Activities, Melandri brings a wealth of expertise in sustainability, social impacts, and sustainable finance to Kering’s Board.
  • Dominique D’Hinnin, a French national, currently serves as the Chairman of the Board of Directors of Eutelsat Communications. With 18 years as the Chief Financial Officer of the Lagardère group, coupled with his tenure as Lagardère SCA Co-Managing Partner, D’Hinnin possesses a proven track record in senior management roles, financial acumen, and corporate governance expertise, which will greatly benefit Kering’s Board of Directors.

Pending approval from the Annual General Meeting, the Board of Directors will expand to include 13 members, with 64% classified as independent and 55% representing women. The board will also encompass a diverse array of nationalities, including American, British, Chinese, French, Italian, and Turkish.

These nominations come in the wake of recent departures from the Board of Directors, including Jean-François Palus, who now serves as Chairman and CEO of Gucci, Tidjane Thiam, who resigned to dedicate more time to his political endeavors, and Emma Watson, whose term of office concludes at the upcoming Annual General Meeting.

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