MILAN — Kering on Tuesday named Stefano Cantino the new chief executive officer of Gucci.

He will succeed Jean-Fran?ois Palus on Jan. 1 and report to Francesca Bellettini, deputy CEO of Kering in charge of brand development.

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Cantino joined Gucci in May as deputy CEO and will have a seat on Kering’s Executive Committee.

Palus had been appointed CEO of Gucci in July 2023.

“I am deeply grateful to Jean-Fran?ois for his dedication and loyalty to Gucci over this transitional period. I am confident that, building on what has been set up over the past 15 months, Stefano and the Gucci team will succeed in the mission to take Gucci back to the leadership the brand deserves,” said Bellettini.

Fran?ois-Henri Pinault, chairman and CEO of Kering, stated: “I wholeheartedly thank Jean-Fran?ois for his achievements at the helm of Gucci since summer 2023. Over a particularly challenging period, he made the courageous decisions the house needed, and built sound foundations for a renewed Gucci to flourish again under the stewardship of Stefano. I also want to acknowledge Jean-Fran?ois’s close and constant collaboration with me over the past 30 years, which has been truly invaluable.”

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