This story is available exclusively to Business Insider subscribers. Kering announced on Wednesday that Francesca Bellettini, former CEO of Saint Laurent, was appointed as Gucci's president and chief executive. Marco Bizzarri, the former chief executive of Stella McCartney, joined Kering in 2005 and became Gucci's CEO in 2015. Following the post-pandemic luxury slowdown, Bizzarri stepped down from his role in 2023, and Kering appointed Jean-François Palus as Gucci's interim CEO. In January, Kering announced that Stefano Cantino, Gucci's deputy CEO and a Louis Vuitton and Prada veteran, would be promoted to the house's CEO.