Company Chairman Leonardo Ferragamo said, “I would like to thank Marco Gobbetti, who in recent years has set up and developed a significant brand renewal and evolution activity, as well as significant product innovation and brand positioning, while also carrying out important work on the organisational evolution of the Company and the Group, which is the basis for continuing the renewal strategy”.
The Company immediately started, in accordance with the existing succession plan, the process of selecting a candidate for the position of CEO who will be in charge of continuing the activities of brand renewal and heritage enhancement in order to strengthen brand evolution.
Marco Gobbetti will step down as CEO of Salvatore Ferragamo on March 6, 2025, as part of a mutual agreement.
The company has initiated the search for a new CEO to continue its brand renewal and heritage strategy.
During the transition, executive powers will be granted to chairman Leonardo Ferragamo, supported by an advisory committee to ensure continuity and strategic growth.
With reference to the governance of the Company for the period between March 6, 2025 and the date of the appointment of the new CEO, executive powers will be granted to the Chairman who will propose a distribution of proxies and will be supported by a transition chairman advisory committee composed of experts with consolidated experience in the sector of business who have already worked in top management roles within the Company – composed of James Ferragamo, Ernesto Greco and Michele Norsa (who will take on the role of Chairman Special Advisor) – to consolidate the new phase of sustainable development of the brand’s founding values starting from the work done so far with the aim of moving to a new phase in the renewal process, accelerating its implementation and strengthening the fundamental link with the brand’s heritage.
The Chairman also said that “the Company is determined to pursue the founding principles that have inspired my family over so many years, and in fact the path will be continued with the aim to be inspired by the deeply distinctive values that have marked our history.”
To the extent that it may be necessary, please be advised that the Company has no updates to provide to the market with respect to the press releases of December 2, 2024 (with regard to the outlook of ordinary operations and the impairment test of the 2024 consolidated financial statements) and January 30, 2025 with respect to the Revenues for the fourth quarter of 2024.
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Fibre2Fashion News Desk (MS)
