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Marsocci Named CEO at Armani as Leo Dell'Orco Becomes Board Chair

The foundation proposed the move unanimously to preserve continuity during pending testamentary steps.

Overview

  • Giuseppe Marsocci was appointed chief executive of the Giorgio Armani Group with immediate effect, entering the board at the same time.
  • Leo (Pantaleo) Dell'Orco will chair the board of directors, with Silvana Armani appointed vice chair.
  • The board said it accelerated the CEO appointment to ensure an uninterrupted handover while formal execution of Giorgio Armani's will continues.
  • Marsocci has spent more than two decades at the company, previously led its U.S. business, and most recently served as deputy general manager and global chief commercial officer.
  • Giorgio Armani died on September 4, and company records indicate he named Dell'Orco vice president about six weeks before his death.