Jochen Zeitz, CEO and chairman of Puma, has been appointed as a member of the executive committee and non-voting member of the board of directors of luxury goods firm PPR.

The executive committee comprises the chairman and CEO of PPR, Francois-Henri Pinault, the CEOs of its subsidiaries and senior managers of PPR.

Zeitz said the appointment "will reinforce Puma's position within the PPR Group and the support of PPR's executive committee gives us the possibility to further strengthen our position as one of the most desirable sportlifestyle companies."

PPR acquired a majority interest in Puma earlier this year, and on 18 July held 62.1% of Puma's share capital. PPR has not purchased any additional Puma shares since that date.