Billionaire Pinault Family Reveals Succession Path at Christie’s
- Kering CEO’s son named director of London-based auction house
- Founder’s grandchild is also director at vast art collection
Francois-Henri Pinault
Photographer: Marlene Awaad/BloombergThe Pinault family behind one of France’s biggest luxury fortunes has elevated a third-generation descendant to one of its prominent businesses, naming one of the founder’s grandchildren to the board of Christie’s auction house.
Francois Louis Nicolas Pinault, 26, became a director of the London-based art dealer on March 26, according to a filing published this week. He replaces his 87-year-old grandfather, Francois Pinault, who founded what became fashion conglomerate Kering SA and is now run by son, Francois-Henri. A spokeswoman for the family confirmed the appointment.