Chanel Picks Luxury Industry Outsider Leena Nair as Its Next CEO

LONDON—French luxury group Chanel SA poached consumer-goods executive Leena Nair to become its chief executive, reaching outside the fashion market for leadership as it strives to recover from the industry’s pandemic slump.PLC. Alain Wertheimer, who owns privately held Chanel with his brother Gerard, will move from the CEO role to executive chairman early next year, Chanel said in a statement.

It’s relatively rare for luxury companies to hire top executives from outside the industry, which has traditionally favored insiders or—in the case of the many family-run fashion houses—scions of the business founders. One notable exception with parallels to Ms. Nair’s move:

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