There’s been a lot of big moves over the last year at major fashion houses. In continuing with that narrative, today Balenciga is announcing the naming of its new Chief Executive, Cédric Charbit. Charbit who joins newly appointed designer Demna Gvasalia, comes from Saint Laurent where he spent the last five years serving as executive VP of product and marketing. Balenciaga has struggled in recent years to keep pace with rival brands such as Gucci. Charbit will be replacing former CEO Isabelle Guichot.