Kering SA

KER position long AM

Thesis

The appointment of Luca de Meo as the first independent CEO marks a significant change for Kering, as it separates the roles of CEO and chair for the first time. This change is expected to enhance governance and potentially improve the company's performance, given de Meo's positive track record at Renault.

Did it work?

inconclusive confidence: low

Without specific price performance data or a defined time horizon for the thesis, it's difficult to assess whether the anticipated governance improvements and performance enhancements have materialized. The appointment of Luca de Meo is a significant event, but its impact on Kering's performance remains uncertain without further information.

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