Marco Bizzarri, president and CEO of Gucci, is stepping down later this year, the latest shakeup to the luxury fashion brand and coming as part of a series of changes to its parent company, the French conglomerate Kering.

Marco Bizzarri will depart the Italian design house in September after eight years at the helm, with Kering saying on Tuesday that he “masterminded the execution of Gucci’s outstanding growth strategy since 2015”. He was part of Kering’s leadership for 18 years.

Bizzarri will be replaced by Jean-Francois Palus, who is now Kering’s managing director. Palus will be “tasked with strengthening Gucci’s teams and operations” as the brand “rebuilds influence and momentum”, according to the company’s statement.

Gucci accounted for most of Kering’s profits, but it has been under some scrutiny after underperforming rivals.

Kering also said it was promoting Yves Saint Laurent president and CEO Francesca Bellettini as deputy CEO for brand development, managing all of its fashion houses, which also include Balenciaga, Alexander McQueen and Bottega Veneta.