Kering, the luxury goods conglomerate, is set to bolster its Board of Directors with three new independent members: Rachel Duan, Giovanna Melandri, and Dominique D’Hinnin. The nominations, subject to approval at the Annual General Meeting on April 25, 2024, signal the company's strategic focus on diversity and expertise.
Rachel Duan, a seasoned executive with a 25-year tenure at General Electric, brings extensive knowledge of the Asian market and international corporate governance to the table. Giovanna Melandri, renowned for her expertise in sustainability and cultural affairs, promises to enhance Kering's commitment to social responsibility. Dominique D’Hinnin, with his vast experience as Chairman of Eutelsat Communications and former roles at Lagardère group, strengthens the board's financial acumen and governance expertise.
If ratified, these appointments will expand the Board to 13 members, with a notable 64 per cent being independent and 55 per cent representing women. The diversity extends beyond gender, with directors hailing from six different nationalities.
These nominations come on the heels of departures from the board, including Jean-François Palus, Tidjane Thiam, and Emma Watson, reflecting a dynamic shift in leadership and expertise within the company.
Kering’s strategic move underscores its commitment to global perspectives, sustainability, and effective governance, positioning the company for continued growth and resilience in the luxury goods market.
