Discover Careers. The luxury brand was founded by Lee . She currently sits on the Board of AccelerateHer of the Founders Forum. Non-employee directors also get every new Apple product for free on request and can purchase more at a discount. He was a Board Member of Sentarom SA, Switzerland, the holding company of the Firmenich group of companies, from 2004 until 2015, serving as its Chairman from 2009 until 2015. Apples non-employee directors each receive approximately $250,000 worth of restricted stock units per year, which are granted at the annual shareholder meeting and vest on Feb. 1 of the following year. Liaise with HQ to plan integrated 360 PR strategies and ensure execution while respecting budget allocated. 70 salaries reported, updated at February 24, 2023 Is this useful? This button displays the currently selected search type. From 1982 to 1987, he held different management positions at the French Television Channel France 3 and Havas Tourisme Group. Daniela Riccardi has been a Director of Kering since May 6, 2014 and a member of the Sustainability Committee. Bean to Bottega Veneta, The 10 Best Winter Scarves to Add a Dose of Personality to Your Wardrobe, The 10 Best Winter Gloves to Keep Your Hands Warm and Looking Sharp. A corporation is a separate legal entity from its owners. . Matthieu particularly focuses on fostering the impact of the Foundation support to put an end to violence against women. This compensation may impact how and where listings appear. Looking at Board of Directors Compensation: What Do Board Members Do to Earn Large Salaries? Cost analysis for all AMQ stores, reporting this back to the AMQ & Kering Board. Select your job title and find out how much you could make at Kering. We give our employees the tools to flourish and bring our bold vision to life. Main role: Careers. As a board member, your responsibilities would typically include preparing for and attending board meetings, and reviewing company filings and materials, she says, as well as advising management on a wide range of matters, including succession, strategy, compensation, and acquisitions. Since July 2020, she has been Chairman of the Board of Directors of CNP Assurances. Replacing Sophie L'Hlias in the role of Lead Independent Director, whose duties are provided for and described in the Board of Directors' internal rules. In addition, the Committee reviews and assesses the remuneration policy for senior executives as well as the remuneration and benefits paid or deferred, granted to the members of the Executive Committee of the KERING Group. Could you fill that gap? Catherine J. Paglia. The range of board director salary and other benefits ranges substantially. At its meeting on March 4, 2022, Kerings Board of Directors, in coordination with the Appointments and Governance Committee, approved the following changes in its membership: Due to her recent appointment to chair the Board of Directors of another group, Sophie L'Hlias submitted her resignation from her position as Director to the Chairman of Kerings Board of Directors. Get up to 61% off Robb Report, plus a free tote bag. Hornbaker says attending committee meetings might be another responsibility. Main role: The 30-year-old will be chair of the board's sustainability committee a fitting position for the actor, who has long had an interest in eco-friendly fashion. As Covid-19 became a more serious threat in the United States, Pinault and company pivoted their resources. Some companies also offer profit-sharing of about $12,500, on average. The Boston Globe reports that the average time commitment to serve on a board is fewer than five hours per week. A proxy statement is a document the SEC requires companies to provide shareholders that includes information needed to make decisions at shareholder meetings. According to the company's 2021 proxystatement, Walmarts compensation program for outside directors offers base compensation of a $175,000 annual stock grant and a $100,000 annual retainer. Under the management of the Executive Director, the team runs the Foundation's day-to-day activities, working closely with non-profit organizations, Kering Houses, and its network of peers.The management team identifies new grantees through recommendations and fieldwork and works with them to develop programs aimed at combating violence against women. She leads efforts to raise awareness externally and internally on violence against women and the Kering Foundations partners. If youre interested in pursuing a board seat, heres what you need to know about what boards are looking for, how to get noticed, and what to expect as compensation. These descriptions are fairly generic. Lodestone Global. For online networking, Mark Rogers, CEO of BoardProspects.com, recommends his site, a board-recruitment network akin to LinkedIn. By learning about the backgrounds of existing board members, you can extrapolate what they may be looking for in new ones. British actor and activist Emma Watson has joined the board of French fashion giant Kering, owner of the Gucci label. Average : 6,90,000 Range : 1,36,400 - 20,00,000 How much does a Director make? Cline Bonnaire has worked in non-profit and philanthropy for the past thirteen years. The more qualifications you can bring to the table, the better. Sales Associate salaries - 2 salaries reported. Singapore - All Cities. "Looking at Board of Directors Compensation: What Do Board Members Do to Earn Large Salaries? From 1982 to 1987, he held different management positions at the French Television Channel France 3 and at Havas Tourisme Group. Their respective knowledge and skills, as well as their backgrounds, will provide valuable inputs to the Board of Directors' discussions, and I am looking forward to counting on their commitment.. Salary: Hidden . Our thoughts are with the many impacted by the novel coronavirus outbreak, and therefore we have decided to donate the funds as an immediate contribution to assist, Pinault said at the time. Kering shareholders approved the nomination of senior Google executive Yonca Dervisoglu as an independent director of the company's board. It meets regularly with the grantees to assess and monitor the programs and engages employees to volunteer their skills to benefit its partners. Prior to Google, Yonca held senior marketing positions at Unilever and Yahoo! Only outside directors get compensation specifically for serving on the board. Reviews and makes proposals to the Board of Directors on all items and terms of remuneration of the Chairman and Chief Executive Officer and of the Group Managing Director, and the method for dividing the directors fees allocated by the Annual General Meeting to the Board of Directors. Kering has an overall rating of 3.7 out of 5, based on over 355 reviews left anonymously by employees. Definition, What's In It, and Voting, Non-Executive Director Role and Responsibilities Defined, Fiduciary Definition: Examples and Why They Are Important, Private Company Board Compensation Survey. Gucci, one of its labels, independently vowed to donate 1 million face masks and 55,000 medical overalls to frontline workers in Italy, one of the worlds hardest-hit nations, over the course of several weeks. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession. Yonca Dervisoglu, Vronique Weill and Serge. Thanks to the development and implementation of a fruitful value creation strategy, he successfully led Verallia's initial public offering on the Euronext Paris regulated market in October 2019. Other. The board chair receives an additional $200,000; the audit committee chair receives an additional $35,000; the compensation committee chair receives an additional $30,000, and the nominating committee chair receives an additional $25,000. Governance. U.S. Securities and Exchange Commission. 7 Independent Directors (i.e., a rate of 58% excluding Directors representing employees, in accordance with the provisions of the AFEP-MEDEF Code); 6 women (i.e., a rate of 50% excluding Directors representing employees, in accordance with the provisions of AFEP-MEDEF code); 6 different nationalities (British, Chinese, French, Italian, Ivorian and Turkish). It provides its opinions and recommendations in these matters to the Board. The average Board Of Director salary in Baring, Washington is $73,355 as of June 28, 2022, but the salary range typically falls between $56,544 and $90,601. The appointment of Vronique Weill, Yonca Dervisoglu and Serge Weinberg will be submitted to the vote of shareholders at the Annual General Meeting to be held on April 28, 2022. Were looking for the brightest minds and most fearless spirits to push boundaries, question convention and redefine what Luxury means in todays world. A global Luxury group, Kering manages the development of a series of renowned Houses in Fashion, Leather Goods and Jewelry : Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo, Qeelin, as well as Kering Eyewear. In the Pinault Group, he served as Chairman and CEO of Rexel from 1991 to 1995 and chaired the Management Board of the PPR Group for 10 years. That year's top payer was Goldman Sachs Group Inc., which paid its directors an average of $599,279. Published. This rating has decreased by -3% over the last 12 months. Job Description. Together, well create the real fabric of Gucci. Discover Salaries. Subject to the functions of the Board of Directors, the Audit Committee reviews the annual and half-yearly financial statements, to ensure that the Companys accounting methods are appropriate, permanent and reliable, and reviews the effective implementation of internal control and risk management procedures, to be familiar with the policies implemented within the Group in relation to sustainability and respect for the environment, and to listen to and question the Statutory Auditors. For its 2021 fiscal year, KEYCORP /NEW/, listed the following CEO pay ratio data on its annual proxy statement to the SEC. To assist its shareholders, Kering provides them with information and publications containing Group news and key highlights. From 1985 to 2006, she held various positions of responsibility within JP Morgan in Paris, London and New York, in particular as Head of European, then Global Head of Operations and Technology for asset management and private clients, then Global Head of Operations for Investment Banking and Shared Services. PressEmilie Gargatte+33 (0)1 45 64 61 20emilie.gargatte@kering.comMarie de Montreynaud+33 (0)1 45 64 62 53marie.demontreynaud@kering.com, Analysts/investorsClaire Roblet +33 (0)1 45 64 61 49claire.roblet@kering.comLaura Levy +33 (0)1 45 64 60 45laura.levy@kering.comJulien Brosillon +33 (0)1 45 64 62 30julien.brosillon@kering.com, Press release - Changes in the membership of the Board of Directors of Kering - 04032022. You will compete for board positions with people who have been extremely successful at a young age. Not surprisingly, the most lucrative seats go to directors at S&P 500 companies. Want to Help Make a Difference for LGBTQ+ People? Download, Kering articles of association as of 12December2022 Courtesy of Christophe Ena/AP/Shutterstock. U.S. company directors compensated more than ever, but now risk backlash, Few Hours, Soaring Pay for Corporate Board Members. You will perform with high integrity in operations, loss . If you are interested in becoming a Gucci Dream-maker and applying for employment and require a reasonable accommodation to assist with any part of the application and/or interview process, please contact us by email at accessibility.americas@gucci.com. Damien Fosseprez Administrator, committee member, and Rethel Section President Marie Gaillot Administrator, committee member and Mazagran Section President Jacky Goubault Administrator and Chairman of Nealia's board of directors Sylvain Hinschberger Vice-president, Administrator, committee member, Chairman of Malteurop's board of directors She co-founded Google Arts and Culture, and Grow with Google. However, the company has poured money into several initiatives to combat the disease. Six Directors: Vronique Weill (independent Director) - Chairwoman, the Financire Pinault company represented by Mrs. Hlose Temple-Boyer, Mr. Jean-Pierre Denis, Mr. Tidjane Thiam (independent Director), Mr. Vincent Schaal (Director representing employees) and Mr. Serge Weinberg (independent Director). The governance of Crdit Agricole S.A. so leans on the values of transparency, responsibility and efficiency, what is translated in the organization and the functioning of the Board of Directors by: The very active implication of the directors in the corporate life of the company, as well as in the control of its management and . 7 Independent Directors (i.e., a rate of 58% excluding Directors representing employees, in accordance with the provisions of the AFEP-MEDEF Code); 6 women (i.e., a rate of 50% excluding Directors representing employees, in accordance with the provisions of AFEP-MEDEF code); 6 different nationalities (British, Chinese, French, Italian, Ivorian and Turkish). Learn about the characteristics and advantages of each. If you are a current or future Kering shareholder, you will find information of specific interest to you in the Letter to shareholders. See more Annual General Meeting You will find complete information about the Annual General Meeting here. By placing creativity at the heart of its strategy, Kering enables its Houses to set new limits in terms of their creative expression while crafting tomorrows Luxury in a sustainable and responsible way. April 29, 2022. Contacts Press Emilie Gargatte +33 (0)1 45 64 61 20 emilie.gargatte@kering.com Marie de Montreynaud +33 (0)1 45 64 62 53. Incorporation is the legal process by which a business entity is formed. She was also a member of the Remuneration Committee, which she chaired from 2016 to 2020, and a member of the Audit, the Appointments and Governance as well as the Sustainability Committees. This takes into account the wide range of factors that are considered in making compensation decisions; including but not limited to business or organizational needs, skill sets, experience and training, licensure, and certifications. This amount can vary depending on factors like the size of the organization and its industry. Eight Directors: Mrs. Emma Watson (independent Director) - Chairwoman, Mr. Franois-Henri Pinault, Mr. Jean-Franois Palus, Mr. Jean-Pierre Denis, Mrs. Daniela Riccardi (independent Director), Mrs. Vronique Weill (independent Director), Mrs. Yonca Dervisoglu (independent Director) and Mrs. Concetta Battaglia (Director representing employees). 2022 ANNUAL GENERAL MEETING: APPROVAL OF ALL RESOLUTIONS AND. In addition, Franois-Henri Pinault and Jean-Franois-Palus, Group Managing Director, have decided to waive the entirety of the variable portions of their annual remuneration for 2020. Pinaultranked at number 27 on Forbes billionaires list with a net worth of $34.5 billionis one of the most influential figures in the world of high fashion. In August 2017, she joined Publicis Groupe as General Manager, in charge of mergers and acquisitions, Operations, IT and real estate, and member of the Group Management Committee. ", Reuters. Filter by location to see Director salaries in your area. LinkedIn: Kering An audit committee is the part of a company's board of directors in charge financial reporting and disclosure. Previously, she served on the Supervisory Board of Heineken,Supervisory Board of Mavi, and Digital Advisory Board of the Natural History Museum in London. A French national, Serge Weinberg is Chairman of Sanofis Board of Directors since 2010 and Chairman of the investment firm Weinberg Capital Partners since 2015.Serge Weinberg held different positions as a sous-prfet from 1976 to 1981 and became Chief of Staff of the French Budget Minister, Laurent Fabius, in 1981. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. Kering, along with chief rival LVMH, committed to producing face masks and other healthcare essentials as supplies ran critically low worldwide. In December, Balenciaga's creative director and chief executive officer both apologized for the now-infamous advertising campaign.. Emilie Gargatte +33 (0)1 45 64 61 20 emilie.gargatte@kering.com Franois-Henri Pinault Chairman & CEO of Kering, Chairman of the Kering Foundation Francesca Bellettini President & CEO of Saint-Laurent Sabina Belli CEO of Pomellato Group Laurent Claquin "Few Hours, Soaring Pay for Corporate Board Members.". Outside directors who hold certain board positions receive an additional annual retainer:$35,000 for the lead independent director; $25,000 for audit committee members and for compensation, nominating, and governance committee members; and $20,000 for strategic planning and finance committee chairs and for technology and eCommerce committee chairs. Serge Weinberg held different positions as a , Serge Weinberg holds the rank of Commander in the , Emilie Gargatte +33 (0)1 45 64 61 20, Marie de Montreynaud +33 (0)1 45 64 62 53, Claire Roblet +33 (0)1 45 64 61 49, Laura Levy +33 (0)1 45 64 60 45, Julien Brosillon +33 (0)1 45 64 62 30, Kering partners with Black In Corporate for second mentorship program, Gucci, supported by Kering, invests in first Circular Hub to power a "Circular Made in Italy", Dual-tranche bond issue for a total amount of 1.5 billion euros, Very solid 2022 performances, mixed fourth quarter, Kering and its Houses come together in donation to support people affected by the Trkiye-Syria earthquake, Raffaella Cornaggia appointed Chief Executive Officer of Kering Beaut. Board of Directors: What It Is, What Its Role Is, Incorporation: Definition, How It Works, and Advantages, Audit Committee: Definition, How They're Used, and Purpose, What Is a Proxy Statement? In 2021, Kering had over 42,000 employees and revenue of 17.6 billion. In addition, Pinault and Kerings group managing director Jean-Franois-Palus will forgo the entirety of the variable portions of their annual remuneration for 2020, which is likely a much higher figure than their base salaries. In the Pinault Group, he served as Chairman and CEO of Rexel from 1991 to 1995 and chaired the Management Board of the PPR Group for 10 years. "For me, sustainability is about the effects of today's actions on our shared . A member of Kerings Board of Directors since May 19, 2010, Yseulys Costes did not wish to submit her term of office for renewal at the next Annual General Meeting to be held on April 28, 2022, due to the loss of her status as Independent Director. Look for a gap in expertise that might be left when a current board member steps down. As the Executive Director since the Foundations creation in 2008 and in coordination with its Board of Directors, Cline Bonnaire engages the Foundation in long-term partnerships with local organizations in order to develop programs to support women survivors of violence and to improve prevention, working with diverse audiences. Come join us to craft tomorrow's Luxury Kering, like other companies in the luxury sector, has taken several heavy financial hits as the novel coronavirus halted international travel and forced the closure of its stores. Extract of the 2021 Universal Registration Document Their respective knowledge and skills, as well as their backgrounds, will provide valuable inputs to the Board of Directors' discussions, and I am looking forward to counting on their commitment.. 2 salaries reported, updated at 8 March 2022 Is this useful? $216,323 / yr. Vice President Sales salaries - 1 salaries reported. et up to 61% off Robb Report, plus a free tote bag. Here are a couple of examples of what Fortune 500 companies pay their board members. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. It goes a lot higher from there. Emilie Gargatte +33 (0)1 45 64 61 20 emilie.gargatte@kering.com, Marie de Montreynaud +33 (0)1 45 64 62 53 marie.demontreynaud@kering.com, Claire Roblet +33 (0)1 45 64 61 49 claire.roblet@kering.com, Laura Levy +33 (0)1 45 64 60 45 laura.levy@kering.com, Julien Brosillon +33 (0)1 45 64 62 30 julien.brosillon@kering.com, Changes in the membership of Kering's Board of Directors. He would bring to Kerings Board of Directors his large experience in management as well as his expertise in finance and corporate governance. 63,242 / yr. Assistant Financial Controller salaries - 2 salaries reported. In 2021, Kering had over 42,000 employees and revenue of 17.6 billion. According to Payscale, the board director salary ranges up to $167,500. The Board meets twice a year to assess the 5-year strategic direction, validate grant-making over 70,000 per year and ensure proper governance. Set-up of the AMQ procurement protocols, in cooperation with the Kering . Given the current context of the Covid-19 pandemic and its impact on economic activity, Franois-Henri Pinault, Chairman and CEO of Kering, has decided to reduce the fixed portion of his salary by 25% from April 1st, until the end of 2020. Make sure you develop a board resume that positions you as qualified for the corporations board, says Rene Hornbaker, who currently serves on the boards of Eastman Chemical Company, The Freeman Company, and Tri Global Energy. Clark T. Randt. "U.S. company directors compensated more than ever, but now risk backlash.". Citing the coronavirus as its key reasoning in a press release, Francois-Henri Pinault made the executive. Average compensation in 2018 at those firms was $304,856, according to Reuters. "Private Company Board Compensation Survey. Inside directors, who are mostly C-suite level executives, don't receive additional compensation. Under the chairmanship of Francois-Henri Pinault, the Kering Foundation Board is made up of 15 directors who bring a wide range of knowledge and expertise in the worlds of business, nonprofit management, the arts and the civic sector. Working on reshaping the Committees of the Board of Directors following the Annual General Meeting to be held on April 28, 2022. We believe our employees are the bedrock of all our achievements. +33 (0)1 45 64 65 64 Replacing Sophie L'Hlias in the role of Lead Independent Director, whose duties are provided for and described in the Board of Directors' internal rules. If you are a current or future Kering shareholder, you will find information of specific interest to you in the Letter to shareholders. Prior to Google, Yonca held senior marketing positions at Unilever and Yahoo! . Since 2008 Antoine is the CEO & Managing Director of Aquilus Pte Ltd in Singapore. Eligible employees may also participate in an employee benefits program as well as an incentive program, subject to the rules governing the program, whereby an award, if any, depends on various factors, including, without limitation, individual and organizational performance. Kering's Board of Directors is made up of members with a broad, diverse range of experience and expertise: Board members' cartography Franois-Henri Pinault Chairman and Chief Executive Officer See more Jean-Franois Palus Group Managing Director See more Concetta Battaglia Director representing employees See more Jean-Pierre Denis Serving on a corporate board of directors can be a lucrative side gig or second career for high-profile executives and recent retirees. At its meeting on March 4, 2022, Kerings Board of Directors, in coordination with the Appointments and Governance Committee, approved the following changes in its membership: Due to her recent appointment to chair the Board of Directors of another group, Sophie L'Hlias submitted her resignation from her position as Director to the Chairman of Kerings Board of Directors. Execute shipping and receiving process and report any issues to Store Director or Team Manager Operations, taking the necessary steps to resolve; Ensure timely movement of merchandise as directed by Store Director or Team Manager - Operations while adhering to all procedures and guidelines, including but not limited to transfers, RTVs and damages; Ensure an accurate and organized store inventory at all times oversee store cycle counts, scheduled inventories, and reconciliation with support and direction from the Store Director or Team Manager Operations; Develop and share ideas to increase efficiency and reduce operational costs; Support the team in the selling process, ensuring the highest level of client experience; Print and ticket merchandise, returns, and price adjustments; Process repairs and damages on a timely basis according to company guidelines; Assist with physical maintenance of the boutique when needed; Pack, handle, and store merchandise according to Gucci standards; Support store initiatives and projects on an as needed basis; Follow all company policies and procedures.