"hello gilded": kering offers "taking new: This article explores the topic in depth.
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"hello gilded": kering offers "taking: This article explores the topic in depth.
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"hello gilded": kering offers "taking:
In the sector, we call it a “golden hello”. However, The luxury group in difficulty Kering will offer a “takeover indemnity” of 20 million euros for its new director general. However, Luca de Meo, during the general meeting of the company in September, which must validate its appointment.
Kering had formalized in mid-June the arrival of Luca de Meo. Consequently, 58, to a newly created position of managing director, the current CEO François-Henri Pinault, 63, retaining the group’s presidency. Furthermore, Luca de Meo left the head of the Renault car manufacturer whom he helped to straighten.
On September 9. Kering shareholders will also be called upon to rule on an “hello gilded”: kering offers “taking new extension of the age limit of the president from 65 to 80 years old. the director general from 65 to 70 years.
“If the published results are still well below our potential. we are convinced that the efforts made for two years have made it possible to lay solid bases for. the next stages of Kering development.”
François-Henri Pinault, CEO– Dry (@keringgroup) July 29. 2025
“By accepting the functions of director general of Kering. Luca de Meo has lost the benefit of long-term variable remuneration elements which had been awarded to him as his previous functions as director general of Renault,” he written in the notice of convocation of the General Assembly of Kering published on Wednesday.
Esing 20 million euros these remuneration elements lost by Luca de Meo. “hello gilded”: kering offers “taking new “the board of directors decided to award him an equivalent amount compensation,” it is specified. This compensation will be paid for 75 % in “hello gilded”: kering offers “taking cash and 25 % in Kering shares.
The taking office indemnity. also called “Golden Hello” (“Hello gold” in French) is quite rare in France but more widespread in Anglo-Saxon countries.
"hello gilded": kering offers "taking new – "hello gilded": kering offers "taking new
Minimum annual remuneration at 2.2 million gross – ". hello gilded": kering offers "taking
The annual fixed remuneration proposed for the director general of Kering is 2.2 million euros gross. In addition. there is a variable remuneration, which in 2026 will represent, if the objectives are achieved, “220 % of the annual fixed remuneration, or 4.84 million euros gross, and capped at 300 % in the event of outperformance, or 6.6 million euros gross”, according to the “hello gilded”: kering offers “taking new document.
Kering announced on Thursday a fall of 46 % of its net profit in the first half. at 474 million euros, and a dive of 16 % of its turnover, at 7.6 billion euros.
During the General Assembly. shareholders will be called upon to decide on the remuneration of the Director General for 2025 and his appointment. The remuneration for 2026 will be subject to the vote at the general meeting “called upon to rule on. the accounts of the financial year ended on December 31. 2025”, according to the notice.
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