Puma said that Franz Koch, currently in charge of global strategy for Puma, will become its chief executive officer. Koch will succeed Puma's current CEO Jochen Zeitz,  In October, Zeitz said he would step down from the day-to-day running of the company after 18 years at the helm for a new role at French parent PPR.

Zeitz will become executive chairman at PPR's new Sports & Lifestyle unit, which includes Puma, as part of the transformation of Puma into a European Corporation (SE). The Sports & Lifestyle unit will also seek out other sports-related brands to complement PPR's luxury portfolio which includes Gucci and Yves Saint Laurent. Puma also owns Cobra Golf and the Treetorn rubber boot brand.

Koch, 32, has been responsible for the long-term strategic group development and management of special projects such as portfolio optimization, process re-engineering as well as mergers and acquisitions. Moreover, he coordinated and helped execute the company's restructuring program in 2009 to lay the foundation for sustainable growth following the economic crisis. Koch has also strongly contributed to Puma's long-term sustainability program and most recently, he was instrumental in developing – in close cooperation with Zeitz and the other members of the board of management – the five-year growth strategy “Back on the Attack 2011-15” with its clear mission for Puma to become the most desirable and sustainable sportlifestyle company.

Zeitz, chairman and CEO of Puma: “Having an exceptionally analytical yet most pragmatic mind, Franz Koch has been one of the key drivers of Puma's strategic course and strongly contributed to our 2010 record sales level. Together, we have defined the company's five-year strategic plan which will be the catalyst to tap into Puma's envisaged
sales potential of 4 billion Euros in 2015. I am convinced that Franz is the right person at the right time and that he is the most qualified candidate and dedicated individual to take the helm at Puma. I will personally accompany Franz' transition period and I look forward to continuing a close and trusting cooperation with him.”

Koch joined Puma in 2007 as global strategic planner after having worked for the international management consultancy Oliver Wyman for several years. Koch graduated in Business Administration from Leipzig Graduate School of Management and holds a Masters Degree in Commerce from the University of Sydney. The appointment of Koch is the result of a thorough and diligent search process, in which many external and internal candidates were reviewed.

“Franz Koch, who has been working closely with Jochen Zeitz and the Board of Management over the past years, is our candidate of choice for this position. His excellent knowledge of the company and strategic expertise will guarantee a seamless handover and continuation of the company's growth strategy. Puma is one of PPR's core brands and I am confident that Franz will bring Puma to the next level. He has our full support and confidence,” said François-Henri Pinault, Chairman of Puma's Supervisory Board.

As announced last year, Puma is about to convert into a European Corporation, trading under the name of PUMA SE. The transformation is subject to approval at the company's annual shareholder meeting on April 14, 2011. Following the conversion into an SE, Puma's current CEO Jochen Zeitz will become Executive Chairman of the one-tier PUMA SE Board. Additionally, Zeitz has been appointed Head of the Sport & Lifestyle Group of PPR as well as chief sustainability officer.