Kering Management

Management criteria checks 4/4

Kering's CEO is François-Henri Pinault, appointed in Mar 2005, has a tenure of 19.08 years. total yearly compensation is €4.80M, comprised of 25% salary and 75% bonuses, including company stock and options. directly owns 0% of the company’s shares, worth €164.49K. The average tenure of the management team and the board of directors is 7.9 years and 3.8 years respectively.

Key information

François-Henri Pinault

Chief executive officer

€4.8m

Total compensation

CEO salary percentage	25.0%
CEO tenure	19.1yrs
CEO ownership	0.0004%
Management average tenure	7.9yrs
Board average tenure	3.8yrs

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
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	€6m	€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 ($USD5.14M) is about average for companies of similar size in the UK market ($USD5.63M).

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

CEO

François-Henri Pinault (61 yo)

19.1yrs

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	19.1yrs	€4.80m	0.00041% € 164.5k
Concetta Battaglia	Head of Operations & Employees Representing Director	no data	€113.27k	0.000070% € 28.1k
Jean-Pierre Denis	Climate Change Lead & Director	2yrs	€165.74k	0.00041% € 164.5k
Jean-Francois Palus	President & CEO of Gucci	less than a year	€1.58m	0.057% € 23.0m
Armelle Poulou	Chief Financial Officer	less than a year	no data	no data
Eric Sandrin	Legal Director	9.8yrs	no data	no data
Valérie Duport	Chief Communications & Image Officer	7.9yrs	no data	no data
Béatrice Lazat	Chief People Officer	8.1yrs	no data	no data
Laurent Claquin	Head of Kering Americas	16.6yrs	no data	no data
Jean-Marc Duplaix	Deputy Chief Executive Officer	less than a year	no data	no data
Marie-Claire Daveu	Chief Sustainability & Institutional Affairs Officer	no data	no data	no data
Francesca Bellettini	President & CEO of Yves Saint Laurent and Deputy CEO	no data	no data	no data

7.9yrs

Average Tenure

56yo

Average Age

Experienced Management: 0IIH's management team is seasoned and experienced (7.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
François-Henri Pinault	Chairman & CEO	31.3yrs	€4.80m	0.00041% € 164.5k
Concetta Battaglia	Head of Operations & Employees Representing Director	3.6yrs	€113.27k	0.000070% € 28.1k
Jean-Pierre Denis	Climate Change Lead & Director	15.8yrs	€165.74k	0.00041% € 164.5k
Baudouin Prot	Director	18.9yrs	€95.28k	0.00049% € 196.6k
Serge Weinberg	Independent Director	2yrs	€156.56k	0.000080% € 32.1k
Heloise Temple-Boyer	Vice-Chairman of the Board	5.3yrs	no data	0.00041% € 164.5k
François Pinault	Honorary Chairman	no data	€6.57m	0.030% € 12.2m
John Elkington	Member of Sustainability Technical Advisory Group	no data	no data	no data
Veronique Weill	Lead Independent Director	2yrs	€224.55k	0.000040% € 16.0k
Michael Wells	Member of Sustainability Technical Advisory Group	no data	no data	no data
Emma Watson	Independent Director	3.8yrs	€86.15k	0.000040% € 16.0k
Yonca Dervisoglu	Independent Director	2yrs	€99.50k	0.00015% € 60.2k

3.8yrs

Average Tenure

64yo

Average Age

Experienced Board: 0IIH's board of directors are considered experienced (3.8 years average tenure).

Kering Management

Management criteria checks 4/4

Key information

Recent management updates

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

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

Kering Sa Appoints Sabato De Sarno as Creative Director of Gucci

Recent updates

Upcoming dividend of €9.50 per share

Marcolin's Main Shareholder PAI Partners Reportedly Seeks Buyer

Investor sentiment deteriorates as stock falls 16%

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.

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 21% undervalued after recent price drop

Now 21% 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).

Upcoming dividend of €9.50 per share at 2.4% yield

Kering Sa Appoints Sabato De Sarno as Creative Director of Gucci

Full year 2022 earnings released: EPS: €29.33 (vs €25.40 in FY 2021)

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

Now 20% undervalued

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 20% 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

Upcoming Dividend of €2.50 Per Share

Kering SA, Annual General Meeting, Apr 22, 2021

Richemont Chairman Rejects Sale Speculations

New 90-day high: €605

Market bids up stock over the past week

Bolt Threads Partners With adidas, Kering, lululemon and Stella McCartney to Introduce Mylo™

Kering SA Unable to Provide Guidance for the Second Half of 2020

Kering SA (ENXTPA:KER) acquired remaining 49% stake in e-lite from YOOX Net-A-Porter Group S.p.A.

Kering SA to Report First Half, 2020 Results on Jul 28, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age