Fashion

New board of directors for Giorgio Armani and confirmation of top management appointments

Giuseppe Marsocci officially takes over as CEO, Marco Bizzarri (former CEO of Gucci) is also on the board

by Fashion Editor

La mostra in corso all’Armani/Silos sui 20 anni della linea di alta moda Armani Privé

2' min read

Translated by AI
Versione italiana

2' min read

Translated by AI
Versione italiana

Giorgio Armani has announced the completion of the procedures relating to the succession of the designer-entrepreneur who passed away on 4 September at the age of 91, which, reads a note, "took place within the planned terms with great fluidity and serenity". The shareholders' meeting was then able to convene and appoint the new board of directors, which took office in its new and final composition, in line with the instructions left by the group's founder, who turned 50 in 2025, having been born in Milan in 1975.

The new Board of Directors consists of eight members, chosen by the foundation and the heirs: three representatives of the Armani family, four board members who are experts in fashion and finance without operational powers, and the CEO and general manager, the only employee on the Board, who is entrusted with the operational management of the company.

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Coinciding with the constitution of the new board of directors and the entry of the new directors, the appointments of Pantaleo Dell'Orco, head of the men's part of the brand's collections and the designer's companion for many years, as president and Giuseppe Marsocci as managing director and general manager were validated.

The new Board of Directors of Giorgio Armani spa is therefore fully operational and composed of:

Pantaleo Dell'Orco (president)

Silvana Armani (designer's niece and advisor)

Andrea Camerana (nephew and councillor)

Giuseppe Marsocci (managing director and general manager)

Marco Bizzarri (Director, former CEO of Gucci)

John Hooks (councillor)

Federico Marchetti (councillor)

Angelo Moratti (councillor)

"The board of directors will operate in compliance with the founding principles defined by Giorgio Armani, guaranteed by the Giorgio Armani Foundation, whose shareholding in the company's capital is set to never be less than 30%, regardless of future developments that could lead to the entry of new shareholders or a listing on the stock exchange," the note reads. Since the day of Armani's passing, various hypotheses have been made about the entry of new minority shareholders, primarily Lvmh, L'Oréal and Essilor-Luxottica, the three groups named in the will made public on 9 September as the deceased's 'wishes'.

We recall that the members of the Armani Foundation are: Pantaleo Dell'Orco (chairman), Andrea Camerana (director), Irving Belotti (director), Elena Terrenghi (director) and Andrea Silvestri (director).

"The new Board of Directors of Giorgio Armani Spa is composed of members of the family and the CEO, all long-standing collaborators of Giorgio Armani, flanked by independent professionals of recognised expertise and experience," said Pantaleo Dell'Orco. "This represents the best guarantee for the continuation, enhancement and modernisation of the idea of beauty, the business model and the ethical values built by Giorgio Armani over 50 years of history, allowing us to best face the challenges and opportunities of the market.

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