Kering Proposes Chenut & Kleitman as Independent Directors

• Kering proposes Chenut & Kleitman as independent directors
• Jean-Pierre Denis to step down after nearly 18 years
• Board to have 64% independent directors and 45% women post-AGM

Global luxury fashion leader, Kering's AGM on May 28, 2026, will see Board of Directors recommend appointing two independent directors, Marie-Helene Chenut and Laurent Kleitman, based on the Appointments and Governance Committee's recommendation.

Kering is a French multinational holding company that owns brands such as Gucci, Yves Saint Laurent, Balenciaga, Bottega Veneta, Alexander McQueen among others.

Marie-Helene Chenut is a French citizen who worked at Chanel for over 35 years as an operational and strategic leader with a global remit across marketing, business development and talent development. For the past nine years, she has managed both the Haute Couture division and the Haute Couture and Ready-to-Wear ateliers. Based on her extensive experience, understanding of the industry, her knowledge of business, operational and brand-related issues, and her ability to understand how to meet the expectations of a discerning international clientele, Marie-Helene will bring great value to the Kering Board of Directors.

Laurent Kleitman, a French citizen, has more than thirty years of experience working internationally in leadership roles in luxury, beauty and consumer products and is currently the Group Chief Executive and Director of the Mandarin Oriental Hotel Group, which is a top player in the luxury hotel industry.

Prior to being with the Mandarin Oriental, Kleitman was the President and Chief Executive Officer of Christian Dior Parfum and the Chief Executive Officer of the Beauty Division of LVMH in Russia and the CIS. Previously, he served as President of the Consumer Beauty Division of Coty Inc. He has held a number of senior leadership and general management positions in Europe and Asia while working for the Unilever Group. Kleitman's expertise in operating global, luxurious brands, his substantial international experience, his understanding of various markets, and his solid background in finance, strategic planning and management will be valuable assets for the Kering Board of Directors.

Jean Pierre Dennis will terminate his position as a Board member by resigning effective at the conclusion of the Annual General Meeting on May 28, 2026.

Jean-Pierre Denis has been a Director of Kering since June 9, 2008 and has served as the Chairman of the Audit Committee from 2012-2020 then as the Vice-Chairman of the Audit and Remuneration Committee, and a member of the Sustainability Committee. He has been the Climate Change Lead since 2022.

Francois-Henri Pinault, Chairman of the Board of Directors, said: “On my own behalf and on behalf of all the Directors, I would like to warmly thank Jean-Pierre Denis for his involvement throughout his many years on the Board and for his major contribution to its work. For nearly eighteen years, he has supported us with unwavering rigor and high standards, particularly in his role as Chairman of the Audit Committee. He was also a pioneer through his commitment to sustainability, helping at a very early stage to place these issues at the heart of our thinking. His dedication to Kering has been a valuable support for my family and myself, for which we are deeply grateful.”

Assuming that the Annual General Meeting on May 28, 2026 will approve the resolutions regarding the composition of the Board of Directors, and considering that the terms of Maureen Chiquet and Yonca Derviosoglu will expire at the conclusion of the Annual General Meeting on May 28, 2026, the Kering Board of Directors will consist of 13 directors, of which: 64 percent are independent; 45 percent are female; and they represent 5 different nationalities.