Effective November 28, 2016, Cédric Charbit succeeds Isabelle Guichot and will report directly to François-Henri Pinault, Chairman and CEO of Kering.

Charbit had been appointed Executive Vice-President of Product and Marketing at Yves Saint Laurent in May 2016, and has previously held various senior positions in the luxury sector over the past sixteen years.

Guichot, who has collaborated with Balenciaga for the past nine years, will take on new responsibilities within the Kering Group.