François-Henri Pinault in 2011
28 May 1962 |
|Alma mater||HEC Paris|
|Occupation||Chairman of Kering
Chairman of Kering Foundation
Chairman of Groupe Artémis
|Home town||London, UK|
|Net worth||US$ 19.5 billion (April 30, 2017)|
|Board member of||Kering
|Spouse(s)||Salma Hayek (m. 2009)|
|Parent(s)||François Pinault (father)
Louise Gautier (mother)
François-Henri Pinault (French: [pino]; born 28 May 1962) is a French businessman, the Chairman and CEO of Kering since March 2005 and the Chairman of Groupe Artémis since May 2003. Under his leadership, Kering divested the retail industry and became a top-tier international leader of the luxury industry.
Education, early career
François-Henri Pinault is the son of François Pinault, the founder of PPR that became Kering. François-Henri Pinault graduated from HEC School of Management (1985). During his studies, he cofounded the still existing CRM company Soft Computing with other fellow students, and did an internship at Hewlett-Packard in Paris as a database software developer. After graduating, he completed military service in the French Trade Bureau of the French Consulate in Los Angeles, and was in charge of studying fashion and new technology sectors.
In 1987, François-Henri Pinault began his career at PPR (then called Pinault Distribution) where he was promoted manager of the buying department in 1988, head manager of France Bois Industries in 1989, and head manager of Pinault Distribution in 1990.
Head of PPR
In May 2003, François-Henri Pinault became vice-president of PPR and president chairman of Artemis, the holding company that controls the assets of the Pinault family. In March 2005, he became chairman and CEO of PPR.
François-Henri Pinault turned PPR around and oriented it towards managing luxury brands. He sold PPR’s leading retail assets: Conforama, CFAO, Printemps, Fnac and La Redoute. PPR then merged with the Gucci group, its subsidiary since 1999. The brands Gucci, Yves Saint-Laurent, Bottega Veneta, Balenciaga, Boucheron, Alexander McQueen and Stella McCartney were now under the direct supervision of PPR’s executives. The group expanded its portfolio of luxury brands with the acquisition of Swiss watchmaker Girard-Perregaux (2011), Italian tailor Brioni (2011), Chinese jeweler Qeelin (2012), Italian jeweler Pomellato (2013), British designer brand Christopher Kane (2013), American designer brand Tomas Maier, Swiss watchmaker Ulysse Nardin (2014). Kering also developed a Sports & Lifestyle division with the acquisition of Puma (2007) and Volcom (2011).
PPR becomes Kering
In June 2013, François-Henri Pinault changed the group’s name from PPR to Kering. The new name is a reference to his Brittany’s roots, "Ker" meaning home in the region’s dialect, and Kering sounds like caring.
As a leader, François-Henri Pinault sometimes makes smart yet bold decisions like naming Hedi Slimane head of creation at Yves Saint-Laurent in 2012 amid perfectly healthy benefits, and Demna Gvasalia as creative director of Balenciaga in 2015. He also named Alessandro Michele to succeed Frida Giannini as creative director of Gucci in 2015.
- Manager of Financière Pinault
- Chairman of Groupe Artémis
- Co-founder and member of the board of Soft Computing
- Founder of the Electronic Business Group (2000)
- Owner of Stade Rennais, a French Ligue 1 football club
- Member of The B Team, a pro-environment not-for-profit organization
- Member of the management board of Château Latour
- Member of the board of Christie’s
Through his company, François-Henri Pinault fights for sustainability and women’s rights.
Through Kering, to lead the sustainability trend, François-Henri Pinault experiments and implements new eco-friendly solutions, with the goal to concept-proof a profitable sustainability-based model.
François-Henri Pinault’s dedication to sustainability was passed on to him by Jochen Zeitz, former head of Puma and an eco-thinker. They developed together an EP&L (environmental profit and loss account) to measure the environmental costs of their activities that François-Henri Pinault later implemented throughout the whole group. For example, Kering buys fairmined gold, it has a lab in Milan that offers a wide range of sustainable fabric to its brands, it bought its own python farms to ensure full compliance regarding animal treatment, and it launched a free mobile application for any given designer to calculate the environmental impact of his/her creations.
François-Henri Pinault financed the 2009 documentary Home by Yann Arthus-Bertrand, which shows aerial shots of various places on Earth and discusses how humanity is threatening the ecological balance of the planet. Kering also financed the documentary Ice and the Sky by Luc Jacquet that tells the story of a French glaciologist who documented global warming thanks to scientific expeditions in Antarctic.
80% of the group’s clientele are women. Shocked by the state of abuse on women around the globe, François-Henri Pinault created in 2008 the Kering Foundation to defend and promote women’s rights, ignoring his advisers arguing that the cause was not “on-brand” for his luxury-driven activities.
In 2015, Kering launched the Women in Motion program with the Cannes Film Festival to raise the gender issues of the film industry. The program consists of talks organized during the event and the Women in Motion Award.
Awards and honors
- Chevalier de la Légion d'Honneur (2006)
- ADL (Anti-Defamation League) International Leadership Award (2015) for setting a standard in corporate responsibility and raise awareness about discrimination against women and other minorities.
- Vanity Fair Hall of Fame (2016)
François-Henri Pinault has two children from his first marriage to Dorothée Lepère, a son François and daughter Mathilde.
In April 2006, he began dating the actress Salma Hayek. In March 2007, it was reported that Hayek was pregnant, and later that month the couple were engaged. Their daughter Valentina Paloma was born on 21 September 2007. In July 2008, their relationship ended, however they reconciled soon after and married on 14 February 2009 in Paris, in the Sixth Arrondissement town hall. Two months later, on 25 April 2009, they renewed their wedding vows in the presence of their family and friends in Venice.
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