Non-employee directors also receive an annual cash retainer of $100,000. Six Directors: Mr Serge Weinberg (independent Director) - Chairman, the Financire Pinault company represented by Mrs. Hlose Temple-Boyer, Mrs. Vronique Weill (independent Director), Mr. Baudouin Prot, Mrs. Concetta Battaglia (Director representing employees) and Mrs. Yonca Dervisoglu (independent Director). A career at Kering is the chance to grow within a talented and driven workforce in an environment that empowers imagination and values development and diversity. Balenciaga - RegularNEW YORK - United States of America. Get up to 61% off Robb Report, plus a free tote bag. April 29, 2022. Her term of office expires at the next Annual General Meeting. She has been in the accounting, audit, and tax profession for more than 13 years, working with individuals and a variety of companies in the health care, banking, and accounting industries. Many board members receive compensation as a base retainer fee rather than hourly wages. 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. Other. Rogers adds, Board members are the representatives of the shareholders, and it is their fiduciary duty to oversee the affairs of the corporation, including overall performance and fiscal strength, and to serve as a consultant for managementparticularly with respect to the strategic and operational directives of the company.. The Audit Committee also considers potential Statutory Auditors for appointment. 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 Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. "Looking at Board of Directors Compensation: What Do Board Members Do to Earn Large Salaries? Carly works to amplify the visibility of the Foundation and to mobilize the Groups employees to join this combat that affects 1 in 3 women worldwide. 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. But the philanthropy continued as the number of confirmed cases swelled. By email: As an International Program manager, he coordinates and monitors the Foundations partnerships with local organizations supporting women survivors and implementing prevention activities. The average Board Of Director salary in Leming, Texas is $66,703 as of October 27, 2022, but the salary range typically falls between $51,414 and $82,384. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Executive search firms can streamline the process since theyll know about available positions. Aside from the financial compensation, your reward will be having substantial input into major decisions made by the company, such as executive hires, policies on dividends and stock options, and executive payall while representing the best interests of management and shareholders. Yseulys Costes is currently Chair of the Remuneration Committee and member of the Audit Committee and the Appointments and Governance 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. KERING'S BOARD OF DIRECTORS. Previously, she served on the Supervisory Board of Heineken,Supervisory Board of Mavi, and Digital Advisory Board of the Natural History Museum in London. Her term of office expires at the next Annual General Meeting. The average Board Of Director salary in Erving, Massachusetts is $70,696 as of May 27, 2022, but the salary range typically falls between $54,489 and $87,316. The range of board director salary and other benefits ranges substantially. At Kering, creativity, audacity and diversity fuel the success of our Houses and drive our vision of sustainable and influential luxury. Another example would be compensation meetings to discuss compensation plans and awards.. The more qualifications you can bring to the table, the better. The average board of director salary is about $61,042. Regular Sales_Omni_Channel North America - United States of America - AVENTURA, Regular Sales_Omni_Channel North America - United States of America - SANTA CLARA, Regular Sales_Omni_Channel North America - United States of America - AUSTIN, Regular Sales_Omni_Channel North America - United States of America - WAILEA, If you are a Dream-maker, this is the place for you. Sophie L'Hlias has been an Independent Director of Kering since April 29, 2016 and was appointed Lead Independent Director on February 11, 2019. 63,242 / yr. Assistant Financial Controller salaries - 2 salaries reported. For individuals assigned and/or hired to work in California, GUCCI includes a reasonable estimate of the salary or hourly rate range for this role. 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. Chairman and CEO of Verallia since 2017, Michel Giannuzzi was appointed Chairman of the Board of Directors in 2022. You can sometimes learn what companies seek in their board members by reading the companys annual proxy statement. .css-1n2lc0v-StyledIntlLink{-webkit-text-decoration:none;text-decoration:none;color:black;cursor:pointer;}.css-1n2lc0v-StyledIntlLink:hover{color:#3A2DA6;}Accessibility, Visit the Kering group site www.kering.com. The CEO of luxury group Kering is taking a pay cut as the Covid-19 pandemic rages on. More . 70 salaries reported, updated at February 24, 2023 Is this useful? In 2019, Kering had over 38,000 employees and revenue of 15.9 billion. Learn about the characteristics and advantages of each. He served as CEO of Pallas Finance for three years before joining the Pinault Group in 1990 as President of CFAO. Our Gucci community is committed to providing a culture of inclusivity and accessibility in all aspects of the employee life cycle starting with the candidate experience. 67% of the Committee members are independent within the meaning of the independence criteria applied and no executive corporate officer is a member of the Audit Committee, in compliance with the guidelines of the AFEP-MEDEF Code. The people at Kering share values, imagination and a passion to make Kering the most influential pure Luxury player in terms of creativity, sustainability and economic performance. U.S. Securities and Exchange Commission. 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. 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. Key Accountabilities Operations Sector Other Apparel & Accessories Retailers, Euronext Paris - 11:36:13 2023-03-01 am EST, Capital Research & Management Co. (World Investors), Capital Research & Management Co. (Global Investors), Amundi Asset Management SA (Investment Management), Teachers Retirement System of the State of Kentucky, - CAC 40 / CAC 40 ESG, CAC All Shares, CAC All-Tradable, CAC Large 60, CAC SBT 1.5, Euronext 100, Euronext CDP Environment France EW, Euronext CDP Environment France Ex Oil, Euronext Equileap Gender Equality Eurozone 100, Euronext Equileap Gender Equality France 4. He was appointed Chairman of Sanofis Board of Directors in 2010. Investopedia requires writers to use primary sources to support their work. The average Board Of Director salary in Waring, Texas is $65,981 as of June 28, 2022, but the salary range typically falls between $50,860 and $81,494. 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. 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. Serge Weinberg is also a member of the Board of the AFEP and one of the founders of the Institute for Brain and Spinal Cord Disorders (ICM) and Tlmaque.Serge Weinberg holds the rank of Commander in the Lgion dhonneur (French Legion of Honor).Serge Weinberg holds a Bachelors degree in Law, a Graduate Degree of Institut dtudes Politiques in Paris and is a Graduate of ENA (Ecole Nationale dAdministration). In 2019, Kering had over 38,000 employees and revenue of 15.9 billion. You will find complete information about the Annual General Meeting here. We nurture our talented, dedicated, multicultural workforce so they can shape their own varied and flexible career paths and we provide rewarding opportunities for continuous professional growth, personal development and international mobility. Board of Directors in VALMONT INDUSTRIES INC. For its 2021 fiscal year, VALMONT INDUSTRIES INC, listed the following board members on its annual proxy statement to the SEC. Amy Fontinelle has more than 15 years of experience covering personal finance, corporate finance and investing. The Kering Code of ethics was presented to and reviewed by the Kering Board of Directors before being circulated to all employees in the Group. The Kering Foundation is governed by a 15-member Board of Directors that is composed of three different colleges: A Founding Members college, a staff Representative college, and a college of External Experts. Matthieu particularly focuses on fostering the impact of the Foundation support to put an end to violence against women. 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. This compensation may impact how and where listings appear. Discover Careers. Non-Executive Director Remuneration The average fee for lead directors was substantially lower than that for board chairs, at $39,992 in 2019. She is also a member of the Board of Directors of Valeo and of the Supervisory Board of Rothschild & Co. A Turkish national, Yonca Dervisoglu is Googles Vice President of Marketing for Europe, Middle East and Africa. 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. In 2021, Kering had over 42,000 employees and revenue of 17.6 billion. Franois-Henri Pinault Chairman and Chief Executive Officer Jean-Franois Palus Group Managing Director Claus-Dietrich Lahrs President and Chief Executive Officer, Bottega Veneta Batrice Lazat As an outside director, you could bring a fresh perspective to a corporate board and leverage your years of experience as an executive into a satisfying new project that still leaves you with enough time to do your day job or enjoy your retirement. By subscribing, I agree to the Terms of Use and Privacy Policy. Here are a couple of examples of what Fortune 500 companies pay their board members. 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. 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. The proxy statement also says the company isseekingexpertise in governance, strategy, development, and execution; people who understand financial, operational and strategic issues facing large retail companies; global or international business experience; technology and e-commerce experience; marketing, brand management or public relations experience; finance, accounting, or financial reporting experience; or regulatory or legal experience. Add a Salary. 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. Copy link. Emma Watson joins board of Gucci owner Kering. The average Board Of Director salary in Deming, Washington is $70,440 as of November 23, 2022, but the salary range typically falls between $54,294 and $86,999. Under Kerings polished umbrella, he effectively owns and operates a stable of revered brands, including industry heavyweights Gucci, Bottega Veneta, Balenciaga and Saint Laurent. . That's actually a 5% increase from the year before. Average compensation in 2018 at those firms was $304,856, according to Reuters. 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.. In the light of these changes, the Board of Directors has entrusted the Appointments and Governance Committee with the tasks of: Therefore, following the Annual General Meeting of April 28, 2022 and upon approval of the resolutions by the shareholders as well as the assessment of the independence of the new Directors by the Appointments and Governance Committee, Kerings Board of Directors would be comprised of 14 members and would include: A French national, Vronique Weill had numerous responsibilities in financial services, with a background of more than 20 years in investment banking in the United States, in the UK and France, then 10 years at AXA, as well as in the field of new technologies and digital.A graduate of the Institute of Political Studies (IEP) in Paris and holder of a literature degree from the Sorbonne University, Vronique Weill began her career at Arthur Andersen Audit in Paris.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.Back in France in 2006, she joined the AXA Group as Managing Director of AXA Business Services and Director of Operational Excellence; she became a member of the Management Committee in 2010 as Chief Operating Officer, then Group Chief Customer Officer in charge of customers, brand and digital of the AXA Group. Download, Kering articles of association as of 12December2022 The VP of Communications guides decision-making on brand image at regional level. This button displays the currently selected search type. She is a fellow of the Marketing Society. As a point of clarification, a salary is paid to employees. 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. March 04, 2022 08:30 ET YouTube: KeringGroup, 2020 remuneration for the Kering leadership team, 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. The Committee is also responsible for assessing the independence of the Directors on the basis of the criteria defined by the AFEP-MEDEF Code of Corporate Governance and the succession plan of the executive corporate officers. Working on reshaping the Committees of the Board of Directors following the Annual General Meeting to be held on April 28, 2022. Salaries. He would bring to Kerings Board of Directors his large experience in management as well as his expertise in finance and corporate governance. That year's top payer was Goldman Sachs Group Inc., which paid its directors an average of $599,279. CEO Name. 17 June 2020. 2 salaries reported, updated at 8 March 2022 Is this useful? Job Description. A member of Kering's 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,. Top companies for Board of Directorses in United States USAA 3.8 4,132 reviews 7 salaries reported $279,000per year State of Arkansas 3.5 246 reviews 5 salaries reported $46,469per year 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. Composition: This considers the wide range of factors that are considered in making compensation decisions; including but not limited to business or organizational needs, skill sets . Hornbaker also recommends becoming educated on the fundamentals of governance and directorship through a program such as the National Association of Corporate Directors Director Professionalism program. "2020 Proxy Statement," Page 12. He would bring to Kerings Board of Directors his large experience in management as well as his expertise in finance and corporate governance. They range from recent retirees and people nearing retirement to younger people who've experienced early successes in business. Inside directors, who are mostly C-suite level executives, don't receive additional compensation. By phone: Lodestone Global. 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 marie.demontreynaud@kering.com Analysts/investors Claire Roblet +33 (0)1 45 64 61 49 claire.roblet@kering.com Available positions younger people who 've experienced early successes in business is currently Chair of Board! 5 % increase from the year before cases swelled at Kering, creativity audacity... Many Board members by reading the companys Annual proxy statement couple of examples of Fortune. 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