French luxury group Kering said on Monday it had named Cedric Charbit as CEO of fashion house Saint Laurent, choosing a leader for its second largest fashion label from within its ranks.

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

Kering has made significant changes to its leadership with a reshuffle involving Saint Laurent and Balenciaga, impacting future direction. Cédric Charbit returns to Saint Laurent as CEO, after eight years leading Balenciaga within the Kering group.

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