The company named Cedric Charbit as CEO of Yves Saint Laurent, with Gianfranco Gianangeli taking his place at the helm of Balenciaga.

Gianfranco Gianangeli, previously CEO at Maison Margiela and currently chief commercial officer at YSL, is to succeed Charbit at Balenciaga.

Kering SA is shaking up its top ranks, appointing new chief executive officers for two of its luxury brands, Yves Saint Laurent and Balenciaga.

Cédric Charbit will return to Saint Laurent as CEO after eight years leading fellow Kering luxury label Balenciaga.

Balenciaga CEO Cédric Charbit will succeed Francesca Bellettini as president and CEO of Saint Laurent. Gianfranco Gianangeli will succeed Charbit as CEO of Balenciaga, parent company Kering announced on Monday.