Giuseppe Marsocci is the new Chief Executive Officer (CEO) of the Armani Group. As the Italian fashion company announced on Thursday, his appointment takes effect immediately. At the same time, Marsocci will be added to the board of directors.
The 61-year-old manager from Turin has more than 35 years of experience in the fashion and luxury industry. He spent 23 of those years at the Armani Group. There he held positions of increasing responsibility in Milan and in foreign locations, particularly in New York, where he held the position of CEO for the Americas. Since 2019, he directly supported the late designer Giorgio Armani in global business management as deputy general manager and global chief commercial officer.
“His international professional experience, his in-depth knowledge of the industry and the company, his discretion, loyalty and team spirit make Giuseppe the obvious choice,” emphasized Leo Dell’Orco, Chairman of the Board of Directors. “Together with his closeness to Mr. Armani in recent years, he will ensure the continuity of the path set out by the founder.”
Marsocci was unanimously nominated by the Armani Foundation. He will report to the Board of Directors chaired by Leo Dell’Orco. Silvana Armani is appointed deputy chair.
Unanimous election for the new CEO
Marsocci holds a degree in business and economics from the University of Turin. His first professional positions were in sales, marketing and brand management at the GFT Group in Turin. The company is a licensee of Valentino, Dior, Ungaro, Stone Island and Armani itself. His other important experiences include five years at Fila Sport (HDP Group) as the person responsible for international business development. In 2003 he joined the Armani Group directly. There he took on positions of increasing responsibility both at the headquarters in Milan and in the foreign branches.
This included the role of commercial director of Armani Collezioni as well as the position of CEO of the Swiss branch, the former logistics and customer service base for all foreign markets. He was also global director of the diffusion and wholesale lines. He also worked in New York for over ten years, initially as President of Trimil US, a joint venture between Zegna and Armani, before taking on the role of CEO for the Americas from 2014 to 2019.
For the last six years to date, he has served as the Group’s Deputy General Manager and Global Chief Commercial Officer, reporting directly to Mr. Armani. He was a member of numerous corporate boards, including as President of Giorgio Armani Retail Srl and as CEO or President of various foreign group companies.
His appointment confirms the Armani family’s unified will to continue the project built and continued by Giorgio Armani over 50 years. This is done “respecting the founding principles and the lines of continuity drawn by the founder himself,” explains the management. In the coming weeks, the Board of Directors of Giorgio Armani SpA will take its final form following the completion of the testamentary procedures and executions.
“I thank the Foundation, the Board of Directors and the Armani family for the trust they have placed in me. It is a project of extraordinary importance, aimed at continuity and the enhancement of one of the most prestigious ‘Made in Italy’ brands in the world,” said Marsocci. “This brand has transcended the character of a simple brand for customers and the market and has rightly acquired the value of a lifestyle brand.”
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