François-Henri Pinault (2011)
28 May 1962 |
|Alma mater||HEC Paris|
|Home town||Paris, France|
|Net worth||$15 billion (Pinault family)|
Board member of
François-Henri Pinault, (born Rennes, Brittany, France), is a French businessman and the chief executive officer of Kering. He is the son of the company's founder, businessman François Pinault. Often nicknamed "FHP", he is also Director of Financière Pinault, as well as the President of Groupe Artémis' executive board. As of March 2013[update], François Pinault and family had a net worth of $15 billion according to Forbes magazine.28 May 1962 in
François-Henri Pinault graduated from HEC School of Management in 1985, and did his military service in the French Consulate Economic Expansion station in Los Angeles (United States), during which he was in charge of studying fashion and new technology sectors in the States.
Career in Kering
He started his career at Kering in 1987. In 1988, he became the manager of the company's buying department. In 1989, he became head manager of France Bois Industries, and then of Pinault Distribution in 1990.
In 1993, he was appointed CEO of CFAO (formerly Compagnie Française de l’Afrique Occidentale) a retail subsidiary of the Group in Africa and in the overseas territories, specialized in cars and medicine. In 1997, he became CEO of Fnac.
His hobby in computing led him to take an interest in the Internet's expansion in the 1990s, and he decided to develop the Group's Internet activities.
In February 2000, he became vice-president of the Internet branch of the Group, alongside Serge Weinberg, board president. He launched PPR Interactive, a structure dedicated to new technologies.
From January 2001 until March 2005, he was a member of the Kering Security Board. In May 2003, he was appointed vice-president of the board until March 2005.
In May 2003, François Pinault, his father, gave him the presidency of Artémis, as the controlling shareholder of the Group, founded in 1992. In March 2005, François-Henri Pinault became Chairman of the Board and CEO of Kering.
On 20 June 2007, he also became president of German sports retailer Puma's Executive Committee, the newest Group acquisition. On 17 February 2011, François-Henri Pinault announced that he would head the luxury branch of Kering.
The purchase of Puma in 2007, the selling of Conforama in 2011, as well as the announcement of the Group's intention to sell Redcats Group (La Redoute, Cyrillus, Vertbaudet) and Fnac in the future, all illustrate François-Henri Pinault's will to reinforce PPR group in the luxury and "Sport & Lifestyle" sectors.
On 2 June 2011, Kering acquired Californian brand Volcom in the latest step to bolster its "Sport & Lifestyle" division.
François-Henri Pinault was married to Dorothée Lepère from 1996 until 2004; they have two children, son François, and daughter Mathilde.
He dated supermodel Linda Evangelista from September 2005 through January 2006. Their son Augustin James Evangelista was born on 11 October 2006. In late June 2011, Evangelista filed court papers that revealed her son had been fathered by Pinault. After several court appearances aimed at establishing a child-support agreement, on August 1, 2011, Evangelista formally filed for a child support order in Manhattan Family Court, seeking $46,000 in monthly child support from Pinault. It was reported that if granted, this amount "would probably be the largest support order in the history of the family court". A heavily-publicized child support trial began on May 3, 2012, and included testimony from both Pinault and Evangelista, with Evangelista's attorney claiming that Pinault had never supported the child. Several days into the trial, on May 7, 2012, Evangelista and Pinault reached an out-of-court settlement.
In April 2006, he began dating actress Salma Hayek. By March 2007, Hayek was pregnant and they became engaged in the same month. Their daughter Valentina Paloma was born on 21 September 2007. In July 2008, their relationship ended; however they reconciled later that autumn and on 14 February 2009 in Paris, in the Sixth Arrondissement town hall they married. Two months later, on 25 April 2009, they repeated their wedding vows with their family and friends in Venice.
In April 2006, he was awarded Chevalier de l’Ordre National de la Légion d’Honneur.
In 2008, François-Henri Pinault launched Kering's Corporate Foundation for Women's Dignity and Rights, a part of Kering Home.
Sakineh Mohammadi Ashtiani
In 2010, Kering Foundation invited people to sign a petition in favour of Sakineh Mohammadi Ashtiani's freedom, after she was sentenced to death by stoning. Newspapers (Libération, Elle, La Repubblica, La Règle du jeu) united to publish a letter a day around Sakineh's cause, which was either written by a celebrity or a reader. In this campaign, François-Henri Pinault wrote a letter for Sakineh entitled "Sakineh, we are standing by you".
François-Henri Pinault took the initiative to support the film Home by Yann Arthus-Bertrand, which was distributed on television and cinema in 2009 for free, and was seen by more than 400 million people around the world.
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