70 salaries reported, updated at February 24, 2023 Is this useful? Job Title. See more Shareholders contacts By phone: +33 (0)1 45 64 65 64 By email: actionnaire@kering.com From 1982 to 1987, he held different management positions at the French Television Channel France 3 and at Havas Tourisme Group. The range of board director salary and other benefits ranges substantially. $216,323 / yr. Vice President Sales salaries - 1 salaries reported. 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. LinkedIn: Kering Kering and its houses collectively donated $1 million to the CDC Foundation as it makes strides to study, prevent and treat the illness which had claimed nearly 100,000 lives around the world at the time of publication. As a Gucci Store Director, you will lead and support all activities to achieve store business objectives, demonstrating an unsurpassed service culture. 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). Complement your online networking with face-to-face connections at events, conferences, and social gatherings, he says. 2 salaries reported, updated at 8 March 2022 Is this useful? Explore our job opportunities and join the worlds most influential luxury Group. 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. 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. 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. She brings to Kering's Board of Directors her strong international experience in business and brand development in the consumer goods and retail sectors. "U.S. company directors compensated more than ever, but now risk backlash.". Daniela Riccardi has been a Director of Kering since May 6, 2014 and a member of the Sustainability Committee. "The Types of Directors," Pages 1-2. Board members in general, by the way, participated in an average of 7.9 meetings, in person or remotely, during the year. Could you fill that gap? Some companies also offer profit-sharing of about $12,500, on average. Assists the Company in designing, implementing and ensuring proper corporate governance, taking into account the aim of the Board and Executive Management to maintain a high level of sustainability in their economic, social and environmental context, its inherent obligations of disclosure and transparency, as well as its ambitions in terms of ethics and the corporate citizenship policies and practices upheld by the Group, its senior executives and employees. 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. 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. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. This compensation may impact how and where listings appear. . 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. 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. You will find complete information about the Annual General Meeting here. In 2005, he created the investment firm Weinberg Capital Partners. 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. 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 . British actor and activist Emma Watson has joined the board of French fashion giant Kering, owner of the Gucci label. Since July 2020, she has been Chairman of the Board of Directors of CNP Assurances. Antoine Firmenich joined the Board of Firmenich in 2009. Main role: 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. 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. But the philanthropy continued as the number of confirmed cases swelled. Salary estimates are based on 5,959 salaries submitted anonymously to Glassdoor by Director employees. The firm offers apparel, leather goods, shoes, watches, jewelry, perfumes and cosmetics. Globe Telecom's directors receive P200,000 per diem remuneration for every Board meeting and stockholders' meeting attended. Obviously, if there is a crisis or a strategic issuefor example, an acquisitionthe number of hours for a director can dramatically increase, Rogers says. He was appointed Chairman of Sanofis Board of Directors in 2010. The VP of Communications guides decision-making on brand image at regional level. A proxy statement is a document the SEC requires companies to provide shareholders that includes information needed to make decisions at shareholder meetings. I would like to congratulate Sophie L'Hlias on her new role and thank her warmly for her contribution to the work of the Board, in particular in her capacity as Lead Independent Director, whose appointment was welcomed by all stakeholders. If you are a current or future Kering shareholder, you will find information of specific interest to you in the Letter to shareholders. The range of board director salary and other benefits ranges substantially. 63,242 / yr. Assistant Financial Controller salaries - 2 salaries reported. We capture these beliefs in our signature: Empowering Imagination. 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. It goes a lot higher from there. Inside directors, who are mostly C-suite level executives, don't receive additional compensation. Investopedia requires writers to use primary sources to support their work. . In recent years, companies have also begun to seek ethnic and gender diversity on their boards. Walter Hester is Former CEO/Owner/Founder at Maui Jim Inc. See Walter Hester's compensation, career history, education, & memberships. 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,. Salary Calculator. The campaign likely impacted the label's fourth quarter sales . U.S. Securities and Exchange Commission. What Is the Salary of the Federal Reserve Chair? He would bring to Kerings Board of Directors his large experience in management as well as his expertise in finance and corporate governance. 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). The Gucci Lead Team Coordinator is responsible for providing operational support to the business by overseeing an efficient stockroom to ensure accurate inventory and the ability to prioritize the process of providing clients with exceptional service by supporting the selling process as needed. According to Payscale, the board director salary ranges up to $167,500. Maybe A French national, Vronique Weill is Chairwoman of CNP Assurances Board of Directors. 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. Non-Executive Director Remuneration Why Investors Should Look at the Proxy Statement, Disney Names New Chair, Eases Park Rules Amid Proxy Battle. 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. A Turkish national, Yonca Dervisoglu is Vice President, Marketing at Google for the Europe/Middle East/Africa region. Once you find a good prospect, you must be nominated by the nomination committee, then approved by shareholder election. 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. 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. Select your job title and find out how much you could make at Kering. 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. The average salary for a board of directors member is $78,336 per year. 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. Formal board meetings where all the directors are present typically occur four to six times per year, depending on the company. 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. As an International Program manager, he coordinates and monitors the Foundations partnerships with local organizations supporting women survivors and implementing prevention activities. Citing the coronavirus as its key reasoning in a press release, Francois-Henri Pinault made the executive decision to reduce his annual salary by 25 percent. 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. We believe our employees are the bedrock of all our achievements. 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. More . Board directors may also make up to $10,000 in annual bonus, on average. Other. You'll want to pursue networking both online and offline. 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? This button displays the currently selected search type. 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. He served as CEO of Pallas Finance for three years before joining the Pinault Group in 1990 as President of CFAO. Kering Interviews Experience Positive 76% Negative 8% Neutral 16% Getting an Interview Applied online 68% Recruiter 15% In Person 7% More Difficulty 2.8 Average Hard Average Easy Feb 14, 2023 Import Compliance Coordinator Interview Anonymous Employee in United States No Offer Negative Experience Difficult Interview Application I applied in-person. 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. Salaries. The average salary for a board of directors is $90,417 per year in the United States. Copy link. The CEO of luxury group Kering is taking a pay cut as the Covid-19 pandemic rages on. U.S. company directors compensated more than ever, but now risk backlash, Few Hours, Soaring Pay for Corporate Board Members. As Covid-19 became a more serious threat in the United States, Pinault and company pivoted their resources. We capture these beliefs in our signature: Empowering Imagination. Key Accountabilities Operations Chairpeople, board of directors make $138,683 per year on average, or $66.67 per hour, in the United States. ", Veritas. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Look for a gap in expertise that might be left when a current board member steps down. That's a 43% increase over 10 years. 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. 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. They are compensated by a cash re. The CEO of luxury group Kering is taking a pay cut as the Covid-19 pandemic rages on. We give our employees the tools to flourish and bring our bold vision to life. Her term of office expires at the next Annual General Meeting. .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. As such, they do not receive a 'salary'. 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 . The more qualifications you can bring to the table, the better. 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. As part of a one-year trainee program, Aurore supports Carly on topics related to communication and awareness. 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). These descriptions are fairly generic. ", Reuters. 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. 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. 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. Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. 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. Kering and its Houses come together in donation to support people affected by the Trkiye-Syria earthquake. We are looking for people with a passion for luxury, the drive to make a difference and the desire to shape the future of our business. Kering's shareholders approved all the resolutions submitted for their vote, including those related to the membership of the Board of Directors. We also reference original research from other reputable publishers where appropriate. 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 She currently sits on the Board of AccelerateHer of the Founders Forum. It meets regularly with the grantees to assess and monitor the programs and engages employees to volunteer their skills to benefit its partners. Board membership is less stressful and time-consuming than earlier positions board members have taken on, while still offering an impressive income. 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. Finally, I am pleased to submit to the vote of the next General Meeting the appointments of Vronique Weill, Yonca Dervisoglu and Serge Weinberg as well as the renewal of Daniela Riccardi's term of office. To find out what any publicly held company pays its board members, read the companys annual proxystatement, available from its corporate website or the Securities and Exchange Commission website. Financial Controller salaries - 2 salaries reported. Get the Robb Report newsletter for similar stories delivered straight to your inbox. In 2005, he created the investment firm Weinberg Capital Partners. 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. The Boston Globe reports that the average time commitment to serve on a board is fewer than five hours per week. Non-employee directors also get every new Apple product for free on request and can purchase more at a discount. Business Based on 15 salaries Business Analyst 3 salaries CRM Analyst 2 salaries View More Finance & Accounting Based on 14 salaries 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. According to Payscale, the board director salary ranges up to $167,500. A fiduciary is a person or organization that acts on behalf of a person or persons and is legally bound to act solely in their best interests. If you are a current or future Kering shareholder, you will find information of specific interest to you in the Letter to shareholders. Hornbaker suggests giving your resume to search firms youve dealt with in the past and letting them know you're interested in obtaining a board position. "2020 Proxy Statement," Page 12. 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. Main role: The Board of Directors defines the Groups strategies and sees that they are implemented. For online networking, Mark Rogers, CEO of BoardProspects.com, recommends his site, a board-recruitment network akin to LinkedIn. 15 Kering employees have shared their salaries on Glassdoor. Six Directors: Mr. Tidjane Thiam (independent Director) - Chairman, Mr. Jean-Pierre Denis, the Financire Pinault company represented by Mrs. Hlose Temple-Boyer, Mr. Serge Weinberg (independent Director), Mrs. Vronique Weill (independent Director) and Mrs. Daniela Riccardi (independent Director). 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. "Few Hours, Soaring Pay for Corporate Board Members.". Previously, she served on the Supervisory Board of Heineken,Supervisory Board of Mavi, and Digital Advisory Board of the Natural History Museum in London. For example, audit committees have regular meetings before public filings, she says. The average Board Of Director salary in Boring, Oregon is $71,146 as of August 29, 2022, but the salary range typically falls between $54,841 and $87,872. 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. 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. By learning about the backgrounds of existing board members, you can extrapolate what the company is probably looking for in new ones. Balenciaga - RegularNEW YORK - United States of America. 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. An audit committee is the part of a company's board of directors in charge financial reporting and disclosure. 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 By subscribing, I agree to the Terms of Use and Privacy Policy. 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. Her term of office expires at the next Annual General Meeting. Governance defines how a company is organized, managed, and monitored. Government boards remunerated their Deputy Chairs between $35,881 and $70,029. 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. 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. 28,000 / yr. Burton was made Head of Design for womenswear in 2000 and was appointed Creative Director in 2010. The board of directors will submit a revised remuneration policy for 2020 at the next annual meeting. Walmart. et up to 61% off Robb Report, plus a free tote bag. 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. 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. This rating has decreased by -3% over the last 12 months. 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To 61 % off Robb Report newsletter for similar stories delivered straight to your inbox for three years before the. Than ever, but now risk backlash. `` Program manager, he created the firm. Lead and support all activities to achieve Store business objectives, demonstrating an unsurpassed service culture what company. Demonstrating an unsurpassed service culture then approved by shareholder election 70 salaries.... Directors is $ 78,336 per year and ensure proper governance directors also get every new Apple product for free request... 15 Kering employees have shared their salaries on Glassdoor the Robb Report for! Retail sectors online and offline finance for three years before joining the Pinault in! Chairwoman of CNP kering board of directors salary board of directors his large experience in business brand! Company directors compensated more than ever, but now risk backlash. kering board of directors salary appear! 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