The jackpot for Luca de Meo in Kering – Liberation

Did you like the golden parachute? In addition, You will love the diamond landing track. However, Is the idea-is she patented? Meanwhile, – comes from the French luxury group Kering, world number 3 in the sector. For example, Particularly in difficulty in recent months. However, the company of François-Henri Pinault still finds the means to offer a golden bridge or rather a “Function allowance” From 20 million euros to its future managing director, the Italian Luca de Meo. Furthermore, And this, even before the latter, debauchery of Renault in June, set foot at the group’s headquarters.

This signing bonus must still be validated in the general meeting of shareholders, convened on September 9. However, It is justified in the agenda of the meeting by the board of directors. In this document. posted Wednesday evening, jackpot luca de meo kering Kering specifies that this unusual bonus in France aims at “Compensate the loss” Delayed remuneration that Luca de Meo would have touched if he had not resigned from Renault on July 15. It will be paid for three quarters in cash by the end of the year. The rest will go into Kering shares. which De Meo will affect under certain performance conditions and after three years of presence in the company.

In the meantime, the 58 -year -old leader will not be left on the straw. His fixed salary will almost be doubled (2.2 million euros) compared to his predecessor, François-Henri Pinault, who remains chairman of the board of directors. To this, it will be necessary to add a variable annual remuneration which can range from 1.2 million to 6.6 million “In case of outperformance”.

But that’s not all. Kering also jackpot luca de meo kering plans to give Luca de Meo a remuneration “Long -term” representing 150 % of its annual remuneration. fixed and variable included. This would bring its maximum potential annual remuneration to more than 20 million euros, according to Reuters calculations. At Renault, he had received just under 13 million euros in 2024.

Subject that the shareholders do not oppose it. Luca de Meo must take office as general manager of Kering on September 15. Struck hard by a slowdown in luxury. the group, owner of Gucci, saw its net profit fall by 46 % in the first half. And Luca de Meo does not have to worry so much about his future. The board of directors has already negotiated him a starting allowance which could reach his “Gross. fixed and variable remuneration” of his last two years in the box “In case of constrained departure”. Or, potentially, jackpot luca de meo kering a few million euros in addition if the business is going wrong.