NEW YORK — Maureen Chiquet has been named global chief executive officer of Chanel, effective Jan. 1, 2007.

The appointment completes Chiquet's transition from the mass world of Gap, her previous company, into running one of the world's most iconic luxury brands.

The global ceo position is a new one for Chanel and Chiquet will "oversee and coordinate all of [the company's] activities worldwide,” Chanel said. She will report directly to Chanel chairman Alain Wertheimer and will be based in New York, where Wertheimer has his primary office.

"We are a global business," Chiquet told WWD, "and New York places me in one of our largest markets to keep an eye on how the business is developing. The heart of the brand is in France, but its blood runs through the different markets of the world."

For complete coverage see tomorrow's issue of WWD.

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