His company said Tuesday, 20 July 2010, that he was replacing Veronique Gautier (no relation) who was appointed to the job in December 2008 and who headed Hermes perfumes.
Gaultier owns 55% of the company while 45% is in the hands of Hermes.
"It was unexpected but logical economically as he is the majority shareholder," said the former head of the company, Donald Potard, a childhood friend of the designer and currently a luxury consultant.
"I hope it will not be to the detriment of his creativity," he added. "Creation brings enormous stress. Did he need the added stress of management."
Gaultier, who is 58, in May said he was stepping down as artistic director of the luxury ready-to-wear brand Hermes after seven years to concentrate on his own projects.
Source: AFP
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