Balenciaga appoints new CEO
Kering-owned Balenciaga has appointed Cédric Charbit as CEO - he joins from Kering stablemate Yves Saint Laurent where he has been since 2012, latterly as executive vice-president of product and marketing.
Charbit, 39, replaces Isabelle Guichot who has led Balenciaga for the past nine years and is moving on to take a new role within Kering, which has yet to be announced.
French national Charbit began his career as a buyer for Paris department store Printemps in 2001 and moved up to the position of sales associate director before moving to Pucci in Italy in 2009 as associate purchasing director. He joined Yves Saint Laurent in 2012 and was promoted to his most recent role in May of this year.
In his new role he will report directly to François-Henri Pinault, chairman and CEO of Kering and, said the group in a statement, "will support the development of the house and further accelerate its international growth".
Georgian designer and head of the Vetements design collective Demna Gvasalia was appointed as creative director at Balenciaga earlier this year, replacing Alexander Wang. Wang has headed the house since 2012 but stood down to focus on his own label.