Overview
- Marsocci takes the role with immediate effect and joins the board of directors following the founder’s death in September.
- Pantaleo (Leo) Dell’Orco is appointed board president, with Silvana Armani designated vice-president as part of the new governance setup.
- The board, proposed by the Giorgio Armani Foundation, will finalize its expanded composition in the coming weeks, with completion targeted around mid-November.
- A 23-year company executive, Marsocci previously served as CEO of the Americas and most recently as deputy managing director and global chief commercial officer.
- The new leadership begins an operational reorganization and will develop a multi-step plan that could open the capital to new investors, with reporting indicating the will contemplates an initial minority sale of about 15% within roughly 18 months.