Balmain chief executive officer Jean-Jacques Guével is stepping down from his role after four years at the helm of the French luxury house.
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The reason for Guével’s departure was not disclosed. A successor is yet to be announced.
“Balmain is one of the oldest luxury houses in Paris, with a unique and rich heritage,” Guével said in a statement.
“It has been an incredible journey leading this house through the last years and setting it for further future growth.”
Guéval joined Balmain in early 2020, just before the coronavirus pandemic spread across the world, after serving as CEO of Zadig & Voltaire, from 2017.
Before Zadig & Voltaire, Guével held the role of international director of Céline for eight years, after a stint at LVMH Moët Hennessy Louis Vuitton’s fashion division, as well as S.T. Dupont and Louis Vuitton.
Guével is the second Balmain executive to depart in recent weeks, after Txampi Diz, chief marketing officer at Balmain, exited earlier this month.
“Balmain has all the potential to become a true global luxury goods leader, thanks to its unique heritage, talented creative director Olivier Rousteing, and our exceptional colleagues in the brand,” said Balmain chairman Rachid Mohamed Rachid, who is also CEO of Balmain parent Mayhoola.
“We will be building onto the significant growth of the last years and will announce a new CEO in due course.”
In 2021, the French fashion house Balmain named Lily Liu as its new president for Greater China, before inking a partnership with Estee Lauder Companies in 2022 to create a line of beauty products that launched globally in autumn 2024.