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Kering chairman/CEO François-Henri Pinault, in nod to COVID-19 turmoil, takes major pay cut

François-Henri Pinault is chairman/CEO of Kering François-Henri Pinault is chairman/CEO of Kering

 

Kering, owner of brands such as Gucci, Saint Laurent and Bottega Veneta, said company chairman/CEO François-Henri Pinault will reduce the fixed portion of his salary by 25 percent from April 1 to Dec. 31.