PARIS (Reuters) -Shareholders for Gucci owner Kering approved the appointment of Luca de Meo as the group's CEO at its extraordinary shareholder meeting on Tuesday.

At the meeting's vote, 98.97% of the shareholders backed de Meo's appointment.

De Meo, who was hired from French automaker Renault in June, is taking over the job from Francois-Henri Pinault, who will remain the company's chairman.

De Meo, who will be tasked with reviving the debt-laden conglomerate, is the first outsider to run the company controlled by the billionaire Pinault family.