Turnover at Chanel has accelerated since Leena Nair took over the helm two years ago. This time, the company is faced with the departure of its president in charge of the Asia-Pacific market. While the age pyramid may be to blame, an internal cultural crisis cannot be ruled out.
And that’s six! Vincent Shaw, 30 years with Maison, is the next candidate to leave Chanel.
Following in the footsteps of five other senior executives, the president of the Asia-Pacific market for the luxury group will be stepping down in June. He will be replaced by two managers already in post: current Executive Directors Renaud Bailly for China and Stéphanie Couette for Hong Kong and Macao.
His departure coincides with a series of resignations and retirements of high-ranking executives, betraying a far-reaching transformation at the world’s second largest luxury brand.
Departures in close succession
With John Galantic, Christine Dagousset, Alexandra McCauley, Richard Collasse, Olivier Nicolay and now Vincent Shaw, Chanel has lost its President and Chief Operating Officer (COO), its Global Head of Diversity and Inclusion, its Head of Open Innovation and its Global Head of Travel Retail in the space of ten months. Without counting all top executives in charge of key markets such as the UK, the Americas, Japan and Asia-Pacific.
The mercato of top management members began a year after the new president of what remains one of the last independent luxury brands took office, Leena Nair, an Indian-born FMCG defector.
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Featured Photo: Rendez-vous Beauté © Chanel
