What is the story about?
What's Happening?
Luca de Meo, the new CEO of Kering, has appointed Thomas Cuntz, a former executive from Renault Group, as the head of global talent development and people engagement. This newly created role is part of de Meo's strategy to enhance Kering's human resources functions. Cuntz, who has extensive experience in talent management, will focus on talent acquisition, internal mobility, performance, learning and development, and employee engagement. His appointment is seen as a move to strengthen Kering's HR practices and align them with the company's strategic goals. Cuntz will report to Béatrice Lazat, Kering's chief people officer.
Why It's Important?
This appointment is significant as it marks one of the first major moves by Luca de Meo since taking over as CEO of Kering. By bringing in an experienced HR executive from outside the luxury sector, de Meo signals a commitment to revamping Kering's talent management strategy. This could lead to improved employee performance and engagement, which are critical for maintaining Kering's competitive edge in the luxury market. The move also reflects a broader trend in the industry where companies are increasingly focusing on talent management to drive growth and innovation.
What's Next?
As Cuntz settles into his new role, he is expected to implement strategies that will enhance Kering's HR functions. This may include initiatives to improve diversity and inclusion, as well as programs to foster employee development and retention. The success of these initiatives could influence other luxury brands to adopt similar approaches to talent management. Additionally, Kering's focus on HR could lead to further organizational changes as the company seeks to optimize its workforce for future challenges.
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