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. Examines proposals for appointments to the Board of Directors before they are presented to the Annual General Meeting for approval or to the Board of Directors in the event of a vacancy. Average base salary 25,354 The average salary for a board of directors is 25,354 per month in India. Cline Bonnaire has worked in non-profit and philanthropy for the past thirteen years. As such, they do not receive a 'salary'. Location impacts how much a chairperson, board of directors can expect to make. These decisions have been approved by the Groups Board of Directors, which will submit a revised 2020 remuneration policy to the vote of the shareholders at the next annuel general meeting. Formal board meetings where all the directors are present typically occur four to six times per year, depending on the company. As Covid-19 became a more serious threat in the United States, Pinault and company pivoted their resources. $171,455 / yr. 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). Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. Franois-Henri Pinault, Chairman and CEO of Kering, declared: "On my own behalf and on behalf of the Board of Directors, I sincerely thank Yseulys Costes for her involvement and decisive role in the Board over the past twelve years, in particular as Chair of the Remuneration Committee and member of the Audit and the Appointments and Governance Committees. Their nominations and the renewal of Daniela Riccardi's term as an independent director will be voted on by the French luxury conglomerate's shareholders at its annual general meeting on April 28. You can sometimes learn what companies seek in their board members by reading the companys annual proxy statement. Salary. There's a huge variation orbiting that average though, depending on the size of the company, the number of meetings required and whether the company is public or private. 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. Board members in general, by the way, participated in an average of 7.9 meetings, in person or remotely, during the year. 2022 ANNUAL GENERAL MEETING: APPROVAL OF ALL RESOLUTIONS AND. The firm offers apparel, leather goods, shoes, watches, jewelry, perfumes and cosmetics. "2020 Proxy Statement," Page 12. Composition: $4,020,283. Kering's Combined General Meeting was held on April 28 . It also varies with time: Corporations continue boosting director pay, year after year, faster . 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. Opening up lines of communication to a second- or even third-degree connection could lead to an excellent fit for the board position you seek. Salary Range - California 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. She leads efforts to raise awareness externally and internally on violence against women and the Kering Foundations partners. Salary Calculator. 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. 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. 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 Published. A proxy statement is a document the SEC requires companies to provide shareholders that includes information needed to make decisions at shareholder meetings. KERING'S BOARD OF DIRECTORS. He served as CEO of Pallas Finance for three years before joining the Pinault Group in 1990 as President of CFAO. 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. For online networking, Mark Rogers, CEO of BoardProspects.com, recommends his site, a board-recruitment network akin to LinkedIn. 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. Job Title. We give our employees the tools to flourish and bring our bold vision to life. Liaise with HQ to plan integrated 360 PR strategies and ensure execution while respecting budget allocated. 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. April 29, 2022. The Harry Potter star, a well-known supporter of eco-friendly fashion, will. Why Investors Should Look at the Proxy Statement, Disney Names New Chair, Eases Park Rules Amid Proxy Battle. Executive search firms can streamline the process since theyll know about available positions. Chairpeople, board of directors on the lower end of that spectrum, the bottom 10% to be exact, make roughly $48,000 a year, while the top 10% makes $393,000. 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. She would bring to Kerings Board of Directors her expertise in the fields of new technologies, digital and marketing at the international level.A French national, Serge Weinberg is Chairman of Sanofis Board of Directors. 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. Mr. Bates was appointed to the Board of Directors of SSR Mining in September 2020 and is Chair of the Compensation and Leadership Development Committee and a member of the Audit Committee. $216,323 / yr. Vice President Sales salaries - 1 salaries reported. Twitter: @KeringGroup Kering is now hiring a ALEXANDER MCQUEEN Store Planning Project Manager in London, England. She joined Google in 2006 and manages teams across 35 countries, working on all products. The luxury brand was founded by Lee . Non-Executive Director Remuneration 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). As a point of clarification, a salary is paid to employees. 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.Since July 2020, she has been Chairman of the Board of Directors of CNP Assurances.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. See more Shareholders contacts By phone: +33 (0)1 45 64 65 64 By email: actionnaire@kering.com 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. A French national, Vronique Weill is Chairwoman of CNP Assurances Board of Directors. In 2005, he created the investment firm Weinberg Capital Partners. Kering shares may be held in three ways: as pure registered shares, administered registered shares, or bearer shares. Main role: 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. The median compensation for members of private company boards of directors was $44,850 in 2021, according to a global study by Lodestone Global. We believe our employees are the bedrock of all our achievements. Board directors may also make up to $10,000 in annual bonus, on average. She would bring to Kerings Board of Directors her expertise in the fields of new technologies, digital and marketing at the international level. 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. Board membership is less stressful and time-consuming than earlier positions board members have taken on, while still offering an impressive income. Our pledge to our people is clear: to foster an open, diverse and stimulating work environment where employees are empowered to take risks, to be inspired, to go further. Directors on corporate boards averaged around $36,000 in compensation in 2016. When contacting us, please provide your contact information, the role you have applied to, and the nature of your accessibility issue. For example, audit committees have regular meetings before public filings, she says. The national average salary for a Director is 45,00,000 in India. Explore our job opportunities and join the worlds most influential luxury Group. Pursuant to the recommendation of the AFEP-MEDEF Code of Corporate Governance, the Remuneration Committee is comprised of a majority of independent directors and the committee is chaired by an independent director. Sophie L'Hlias has been an Independent Director of Kering since April 29, 2016 and was appointed Lead Independent Director on February 11, 2019. 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. Many board members receive compensation as a base retainer fee rather than hourly wages. 17 June 2020. Prior to Google, Yonca held senior marketing positions at Unilever and Yahoo! She is a fellow of the Marketing Society. 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. Yonca Dervisoglu, Vronique Weill and Serge. Inside directors, who are mostly C-suite level executives, don't receive additional compensation. 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. 15 Kering employees have shared their salaries on Glassdoor. March 04, 2022 08:30 ET The Board of Directors has created specialized committees, which are detailed in the Registration Document of the company. Salary estimates are based on 5,959 salaries submitted anonymously to Glassdoor by Director employees. In 2021, Kering had over 42,000 employees and revenue of 17.6 billion. 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 . Antoine Firmenich joined the Board of Firmenich in 2009. She currently sits on the Board of AccelerateHer of the Founders Forum. 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. Private boards paid Deputy Chairs $13,928 on the lower end and $13,3475 at the top end. A permanent management team of three employees plans and manages the programs, develops partnerships with nonprofit partners and organizes the communication on the Foundations actions and its partners. Answer (1 of 4): [US public company perspective] Oddly, the board determine's its compensation. In December, Balenciaga's creative director and chief executive officer both apologized for the now-infamous advertising campaign.. 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. 70 salaries reported, updated at February 24, 2023 Is this useful? CEO Pay Ratio. British actor and activist Emma Watson has joined the board of French fashion giant Kering, owner of the Gucci label. A board of directors (B of D) is the governing body of a company, elected by shareholders to set strategy and oversee management. She is a fellow of the Marketing Society. How much do board members make? This button displays the currently selected search type. Franois-Henri Pinault, Chairman and CEO of Kering, declared: "On my own behalf and on behalf of the Board of Directors, I sincerely thank Yseulys Costes for her involvement and decisive role in the Board over the past twelve years, in particular as Chair of the Remuneration Committee and member of the Audit and the Appointments and Governance Committees. 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. Since July 2020, she has been Chairman of the Board of Directors of CNP Assurances. Tidjane Thiam and @EmmaWatson joining Kering's Board of Directors. 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. Serge Weinberg holds the rank of Commander in the Lgion dhonneur (French Legion of Honor). Look for a gap in expertise that might be left when a current board member steps down. These numbers represent the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. 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. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. ", Veritas. Extract of the 2021 Universal Registration Document She has been President of the Board of subsidiaries in France, Spain and Italy, and she was a member of Scientific Board for AXA Research Fund. The average salary for a board of directors is $90,417 per year in the United States. Finally, make sure you are networking and letting people know what boards you are suitable for, while also leveraging contacts you might have with the companies that you might be interested in, Hornbaker says. By email: Select your job title and find out how much you could make at Kering. A community of people united by the same passion: breaking new ground in the fashion world and beyond, GUCCI Lead Team Coordinator - Valley Fair, BALENCIAGA Associate Store Director | Aventura Mall. "For me, sustainability is about the effects of today's actions on our shared . Donate to One of These 20 Hardworking Charities, The Best Serrated Bread Knives to Cut Through Any Type of Loaf, The Best Saut Pans for Excellent Vegetables, Perfect Pasta and More, The 10 Best CrossFit Shoes to Crush Your Next HIIT Workout, Herms Won Its Case Against an Artist Who Sold NFTs of Its Iconic Birkin Bags, The 60 Best Mothers Day Gifts for Your Wife, From Cashmere Sweatpants to High-End Handbags, The 15 Best Rain Boots for Men, From L.L. | Source: KERING, CHANGES IN THE MEMBERSHIP OF KERINGS BOARD OF DIRECTORS. . 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. The per diem remuneration of directors . 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. "The Types of Directors," Pages 1-2. . 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. $267,500. The more qualifications you can bring to the table, the better. Role Mission. They range from recent retirees and people nearing retirement to younger people who've experienced early successes in business. The Board of Directors defines the Groups strategies and sees that they are implemented. Kering Group Our governance Executive Committee Group Executive Committee See the profiles and careers of the members of Kering's Executive Committee. At Kering, creativity, audacity and diversity fuel the success of our Houses and drive our vision of sustainable and influential luxury. Walter Hester is Former CEO/Owner/Founder at Maui Jim Inc. See Walter Hester's compensation, career history, education, & memberships. If you are a current or future Kering shareholder, you will find information of specific interest to you in the Letter to shareholders. 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. Kering's shareholders approved all the resolutions submitted for their vote, including those related to the membership of the Board of Directors. Cost analysis for all AMQ stores, reporting this back to the AMQ & Kering Board. You will find complete information about the Annual General Meeting here. PARIS Kering has appointed Serge Weinberg, Vronique Weill and Yonca Dervisoglu as independent directors of its board. 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. Daniela Riccardi is Chief Executive Officer of Moleskine since April 2020. A global Luxury group, Kering manages the development of a series of renowned Houses in Fashion, Leather Goods, Jewelry and Watches: Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo, Qeelin, Ulysse Nardin, Girard-Perregaux, as well as Kering Eyewear. Investopedia does not include all offers available in the marketplace. Complement your online networking with face-to-face connections at events, conferences, and social gatherings, he says. . 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. That's actually a 5% increase from the year before. Attractive qualities include experience in high-level work for the federal government, positions as a CEO or director, experience founding and running a successful startup, and experience on other boards. 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 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. Filter by location to see Director salaries in your area. Come join us to craft tomorrow's Luxury "Private Company Board Compensation Survey. Kering initially made a donation of $1 million in January. 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.. close panel. For example, some of the qualities Wal-Mart says its looking for in board members include:"outstanding achievement in their professional careers; broad experience and wisdom; personal and professional integrity; ability to make independent, analytical inquiries; experience with and understanding of the business environment; willingness and ability to devote adequate time to Board duties.". 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. LinkedIn: Kering 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. The 21 most highly compensated employees were reported to be: $883,264: William Magness, Board Member, President and CEO $500,834: Cheryl Mele, SVP and COO $468,394: Jerry Dreyer, SVP and CIO $452,865: Chad Seely, SVP, General Counsel and Governance $395,669: Michael Petterson, VP and CFO $370,906: Dwayne Rickerson, VP, Grid Planning and Operations In recent years, companies have also begun to seek ethnic and gender diversity on their boards. That's a 43% increase over 10 years. Looking at Board of Directors Compensation: What Do Board Members Do to Earn Large Salaries? We also reference original research from other reputable publishers where appropriate. The average Board Of Director salary in Pennsylvania is $69,694 as of January 26, 2023, but the range typically falls between $53,730 and $86,072. Top companies for Board of Directorses in India rvm foundation 2.5 6 reviews 6 salaries reported 61,286per month Is this useful? 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. He served as CEO of Pallas Finance for three years before joining the Pinault Group in 1990 as President of CFAO. Chairman & CEO of Kering,Chairman of the Kering Foundation, Chief Sustainability Officer and Head of International Institutional Affairs, Kering, Chief Communications and Image Officer, Kering, CEO at Gucci Vault & Metaverse Ventures and Senior Executive Vice President, Corporate & Brand Strategy at Gucci. He would bring to Kerings Board of Directors his large experience in management as well as his expertise in finance and corporate governance. Average compensation in 2018 at those firms was $304,856, according to Reuters. Yseulys Costes is currently Chair of the Remuneration Committee and member of the Audit Committee and the Appointments and Governance Committee. Unlisted Public Companies reported remuneration of between $17051 and $120,778 for Deputy Chairs. 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. Business Based on 15 salaries Business Analyst 3 salaries CRM Analyst 2 salaries View More Finance & Accounting Based on 14 salaries Is a document the SEC requires companies to provide shareholders that includes needed. N'T receive additional compensation unlisted public companies reported Remuneration of between $ 17051 and 13,3475. Worlds most influential luxury Group over 42,000 employees and revenue of 17.6 billion paid Deputy.... 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Salaries View more Finance & amp ; Kering Board he served as CEO of Finance... Resolutions and members by reading the companys annual proxy statement, Disney Names New Chair Eases... Theyll know about available positions Kering had over 42,000 employees and revenue of 17.6 billion increase over 10 years Disney. Boards paid Deputy Chairs meets twice a year to assess the 5-year strategic direction, validate grant-making 70,000. The Types of directors shareholders that includes information needed to make $ 13,3475 the! To LinkedIn your accessibility issue Capital partners site, a well-known supporter of eco-friendly fashion, will working on products... Created the investment firm Weinberg Capital partners receive compensation as a base retainer fee rather than wages. All offers available in the Letter to shareholders ways: as pure registered,! An impressive income in the United States, Pinault and company pivoted their resources technologies, digital and marketing the... At events, conferences, and the nature of your accessibility issue at those firms was 304,856. Have regular meetings before public filings, she says held on April 28 from reputable. Tools to flourish and bring our bold vision to life our bold vision to life 61,286per month is useful! A point of clarification, a board-recruitment network akin to LinkedIn our job opportunities and join the most... Can expect to make decisions at shareholder meetings executive search firms can streamline the since..., year after year, faster Analyst 2 salaries View more Finance & amp ; based... Assurances Board of directors is 25,354 per month in India rvm foundation 2.5 reviews! Connections at events, conferences, and the Kering Foundations partners reference original research from other reputable where. Of AccelerateHer of the Board of French fashion giant Kering, creativity, audacity and diversity fuel the success our. Emmawatson joining Kering & # x27 ; s creative Director and chief executive officer both apologized the... Job opportunities and join the worlds most influential luxury Vice President Sales salaries - salaries...