Kering Management

Management criteria checks 4/4

Kering's CEO is François-Henri Pinault, appointed in Mar 2005, has a tenure of 19.75 years. total yearly compensation is €4.80M, comprised of 25% salary and 75% bonuses, including company stock and options. directly owns 0.03% of the company’s shares, worth €8.70M. The average tenure of the management team and the board of directors is 8.6 years and 4.3 years respectively.

Key information

François-Henri Pinault

Chief executive officer

€4.8m

Total compensation

CEO salary percentage	25.0%
CEO tenure	19.8yrs
CEO ownership	0.03%
Management average tenure	8.6yrs
Board average tenure	4.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has François-Henri Pinault's remuneration changed compared to Kering's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	€2b
Mar 31 2024	n/a	n/a	€3b
Dec 31 2023	€5m	€1m	€3b
Sep 30 2023	n/a	n/a	€3b
Jun 30 2023	n/a	n/a	€3b
Mar 31 2023	n/a	n/a	€4b
Dec 31 2022	€7m	€1m	€4b
Sep 30 2022	n/a	n/a	€4b
Jun 30 2022	n/a	n/a	€4b
Mar 31 2022	n/a	n/a	€3b
Dec 31 2021	€6m	€1m	€3b
Sep 30 2021	n/a	n/a	€3b
Jun 30 2021	n/a	n/a	€3b
Mar 31 2021	n/a	n/a	€3b
Dec 31 2020	n/a	n/a	€2b
Sep 30 2020	n/a	n/a	€2b
Jun 30 2020	n/a	n/a	€2b
Mar 31 2020	n/a	n/a	€2b
Dec 31 2019	€5m	€1m	€2b
Sep 30 2019	n/a	n/a	€2b
Jun 30 2019	n/a	n/a	€2b
Mar 31 2019	n/a	n/a	€2b
Dec 31 2018	€12m	€1m	€3b
Sep 30 2018	n/a	n/a	€2b
Jun 30 2018	n/a	n/a	€2b
Mar 31 2018	n/a	n/a	€2b
Dec 31 2017	€6m	€1m	€2b

Compensation vs Market: François-Henri's total compensation ($USD5.00M) is about average for companies of similar size in the Austrian market ($USD4.37M).

Compensation vs Earnings: François-Henri's compensation has been consistent with company performance over the past year.

CEO

François-Henri Pinault (62 yo)

19.8yrs

Tenure

€4,798,155

Compensation

Mr. François-Henri Pinault has been the Chairman and Chief Executive Officer of Kering SA since May 19, 2005 and March 21, 2005 respectively and serves as President. He serves as Managing Partner at Artemi...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
François-Henri Pinault	Chairman & CEO	19.8yrs	€4.80m	0.030% € 8.7m
Jean-Pierre Denis	Climate Change Lead & Director	2.7yrs	€165.74k	0.00041% € 117.7k
Concetta Battaglia	Head of Operations & Employees Representing Director	no data	€113.27k	0.000070% € 20.1k
Jean-Francois Palus	President & CEO of Gucci	1.3yrs	€1.58m	no data
Armelle Poulou	Chief Financial Officer	1.4yrs	no data	no data
Jean-Marc Duplaix	Deputy CEO & COO	no data	no data	no data
Eric Sandrin	Legal Director	10.5yrs	no data	no data
Valérie Duport	Chief Communications & Image Officer	8.6yrs	no data	no data
Béatrice Lazat	Chief People Officer	8.8yrs	no data	no data
Laurent Claquin	Chief Brand Officer	17.3yrs	no data	no data
Marie-Claire Daveu	Chief Sustainability & Institutional Affairs Officer	no data	no data	no data
Francesca Bellettini	Deputy CEO	no data	no data	no data

8.6yrs

Average Tenure

57.5yo

Average Age

Experienced Management: KER's management team is seasoned and experienced (8.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
François-Henri Pinault	Chairman & CEO	31.9yrs	€4.80m	0.030% € 8.7m
Jean-Pierre Denis	Climate Change Lead & Director	16.5yrs	€165.74k	0.00041% € 117.7k
Concetta Battaglia	Head of Operations & Employees Representing Director	4.3yrs	€113.27k	0.000070% € 20.1k
Baudouin Prot	Director	19.6yrs	€95.28k	0.00049% € 140.7k
Serge Weinberg	Independent Director	2.7yrs	€156.56k	0.000080% € 23.0k
Heloise Temple-Boyer	Vice-Chairman of the Board	6yrs	no data	0.00041% € 117.7k
François Pinault	Honorary Chairman	no data	€6.57m	no data
John Elkington	Member of Sustainability Technical Advisory Group	no data	no data	no data
Veronique Weill	Lead Independent Director	2.7yrs	€224.55k	0.000040% € 11.5k
Michael Wells	Member of Sustainability Technical Advisory Group	no data	no data	no data
Giovanna Melandri	Independent Director	less than a year	no data	no data
Dominique D'Hinnin	Independent Director	less than a year	no data	no data

4.3yrs

Average Tenure

65yo

Average Age

Experienced Board: KER's board of directors are considered experienced (4.3 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/20 11:39
End of Day Share Price	2024/12/20 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Kering SA is covered by 60 analysts. 24 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Alejandro Acosta	Alezor Research
Pierre-Yves Gauthier	AlphaValue
null null	Banco de Sabadell. S.A.

Kering Management

Management criteria checks 4/4

Key information

Recent management updates

Kering Announces Management Changes

Kering SA Approves Appointment of Directors

Less than half of directors are independent

Kering Announces Departure of Tidjane Thiam as Director to the Chairman of Board of Director, Chair of the Audit Committee and Member of the Remuneration Committee

Kering SA, Annual General Meeting, Apr 25, 2024

Kering SA, Annual General Meeting, Apr 25, 2024

Recent updates

Now 20% undervalued

First half dividend of €2.00 announced

Now 20% undervalued after recent price drop

Kering Announces Management Changes

Investor sentiment improves as stock rises 17%

New major risk - Share price stability

First half 2024 earnings released: EPS: €7.16 (vs €14.60 in 1H 2023)

Kering SA Approves Appointment of Directors

Upcoming dividend of €9.50 per share

Marcolin's Main Shareholder PAI Partners Reportedly Seeks Buyer

Investor sentiment deteriorates as stock falls 15%

New major risk - Share price stability

Final dividend of €9.50 announced

Full year 2023 earnings released: EPS: €24.38 (vs €29.34 in FY 2022)

Kering SA Proposes Final Dividend for the Year Ended December 31, 2023, Payable on May 6, 2024

Kering SA to Report First Half, 2024 Results on Jul 24, 2024

Less than half of directors are independent

Kering Announces Departure of Tidjane Thiam as Director to the Chairman of Board of Director, Chair of the Audit Committee and Member of the Remuneration Committee

Upcoming dividend of €4.50 per share at 3.7% yield

Kering SA, Annual General Meeting, Apr 25, 2024

Kering SA, Annual General Meeting, Apr 25, 2024

Kering Declares Interim Dividend for Financial Year 2023, Payable on January 17, 2024

Kering SA (ENXTPA:KER) completed the acquisition of a 30% stake in Valentino S.p.A. from Mayhoola Lux S.à R.L.

New minor risk - Share price stability

Kering SA (ENXTPA:KER) completed the acquisition of Creed Fragrances from Javier Ferrán and Blackrock Long Term Private Capital SLP, LP, managed by BlackRock Private Equity Partners, Inc. and BlackRock, Inc. (NYSE:BLK).

Now 22% undervalued after recent price drop

First half 2023 earnings released: EPS: €14.60 (vs €16.08 in 1H 2022)

Kering SA (ENXTPA:KER) entered into a binding agreement to acquire a 30% stake in Valentino S.p.A. from Mayhoola Lux S.à R.L. for €1.7 billion.

Kering SA Announces Appointment of Maureen Chiquet to the Board of Directors, Effective September 2023

Kering SA acquired U N T (Usinage Et Nouvelles Technologies).

Kering SA (ENXTPA:KER) signed an agreement to acquire Creed Fragrances from Javier Ferrán and Blackrock Long Term Private Capital SLP, LP, managed by BlackRock Private Equity Partners, Inc. and BlackRock, Inc. (NYSE:BLK).

Kering SA (ENXTPA:KER) signed an agreement to acquire Creed Fragrances from Javier Ferrán and Blackrock Long Term Private Capital SLP, LP, managed by BlackRock Private Equity Partners, Inc. and BlackRock, Inc. (NYSE:BLK).

Now 21% undervalued after recent price drop

Upcoming dividend of €9.50 per share at 2.4% yield

Full year 2022 earnings released

Kering Sa Appoints Sabato De Sarno as Creative Director of Gucci

Kering SA Proposes Cash Dividend for the Year Ended December 31, 2022, Payable on May 4, 2023

Kering Appoints Raffaella Cornaggia as CEO of Kering Beauté

Upcoming dividend of €4.50 per share

Kering Declares Interim Dividend for Financial Year 2022, Payable on January 18, 2023

Estee Lauder Reportedly Nears $2.8 Billion Deal to Buy Tom Ford

Kering Reportedly in Advanced Talks to Acquire Tom Ford

Kering SA, Annual General Meeting, Apr 27, 2023

Kering SA to Report Fiscal Year 2022 Results on Feb 15, 2023

First half 2022 earnings released

Kering SA Announces Board Changes

Management of Sowind Group acquired Sowind Group SA from Kering SA (ENXTPA:KER) in a management buyout transaction.

Kering SA to Report First Half, 2022 Results on Jul 27, 2022

Less than half of directors are independent

Now 22% undervalued after recent price drop

Kering Announces Board Changes

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Management of Sowind Group signed an agreement to acquire Sowind Group SA from Kering SA (ENXTPA:KER) in a management buyout transaction.

Upcoming dividend of €3.50 per share

Investor sentiment deteriorated over the past week

First half 2021 earnings released: EPS €11.72 (vs €2.27 in 1H 2020)

Independent Director has left the company

Upcoming dividend of €5.50 per share

Full year 2020 earnings released: EPS €17.28 (vs €17.40 in FY 2019)

Revenue misses expectations

New 90-day low: €525

Kering SA to Report Fiscal Year 2020 Results on Feb 17, 2021

Kering SA, Annual General Meeting, Apr 22, 2021

New 90-day high: €615

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team