Puma names new chairman

29/10/2012
The administrative board of Puma has elected PPR executive Jean-François Palus as its new chairman, with effect from December 1, 2012, following the announcement of Jochen Zeitz’s resignation on October 15. Luxury group PPR has been the majority shareholder in Puma since July 2007.

Jean-François Palus became group managing director of PPR in 2008. He joined the supervisory board of Puma at the time of the acquisition in 2007 and joined the PPR board in 2009. He was chief financial officer of PPR for six years. A graduate of France’s HEC business school, Jean-François Palus began his career with Arthur Andersen as an auditor and financial adviser. He joined the PPR group in 1991.

“I have come to value Puma highly over the last five years of successful cooperation and I would like to thank Jochen Zeitz for his invaluable contribution to Puma’s outstanding development for more than 20 years,” Mr Palus said at the time of the announcement. “Puma is a fantastic brand and company with highly committed people. I am looking forward to working with management to tap into the huge potential alongside [chief executive] Franz Koch and his team to become the most desirable and sustainable sportlifestyle company in the world.”