French fashion house Chanel appoints Unilever executive Leena Nair as CEO

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The group said in a statement that French billionaire Alain Wertheimer, who owns Chanel with his brother Gerard Wertheimer, would move to the role of global executive chairman.

Nair’s career at the global consumer goods company spanned 30 years, most recently as the chief of human resources and a member of Unilever’s executive commmittee.

Chanel, known for its tweed suits, quilted handbags and No. 5 perfume, said Nair would join the group in January adding that the new appointments would ensure its “long-term success as a private company.”

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