14 May Kering Appoints CEO of Action Sports Brands
Kering, the parent of Puma, Volcom, Cobra, Electric and Tretorn, appointed Todd Hymel to the newly created position of CEO of Action Sports Brands, effective July 1. He will be based in Costa Mesa, CA, and will continue to report directly to Jean-François Palus, group managing director.
In his new role, Hymel will establish a stronger Group presence in the U.S., notably on the West Coast, while taking on a more active role in the development, expansion and performance of the Volcom and Electric brands worldwide. The CEO of each brand will continue to report directly to him.
A US-French national, Hymel joined Kering in 2008 as deputy director of mergers & acquisitions, before being appointed chief operating officer of Kering Sport & Lifestyle Division in January 2012. Hymel has been a member of the administrative board of Puma since April 2012.
Todd Hymel, 41, began his career in audit in 1996 at KPMG in New Orleans. He then served as senior manager in KPMG’s Transaction Services department in Chicago, before being appointed to the Paris office to handle transborder deals. In 2003, Hymel joined the European office of Platinum Equity in Paris. In late 2006, he co-founded Naxos Capital Partners, a private equity firm specialized in small- and mid-caps. Hymel joined Kering in 2008, as Deputy Director of Mergers & Acquisitions. In 2012, he was appointed chief operating officer of Kering Sport & Lifestyle Division. Hymel holds a B.S. in accounting from the University of New Orleans.
Kering develops an ensemble of powerful Luxury and Sport & Lifestyle brands: Gucci, Bottega Veneta, Saint Laurent, Alexander McQueen, Balenciaga, Brioni, Christopher Kane, McQ, Stella McCartney, Tomas Maier, Sergio Rossi, Boucheron, Dodo, Girard-Perregaux, JeanRichard, Pomellato, Qeelin, Ulysse Nardin, Puma, Volcom, Cobra, Electric and Tretorn.