Italian luxury fashion house Valentino is transforming its financial and operational structure and recruiting new leadership positions to streamline the business.
In a statement, fashion house Valentino said it has reorganized its finance and operations departments into two distinct entities, separating business and control departments. Both departments will report directly to Valentino CEO Jacopo Venturini.
Valentino has created two new managerial positions to manage the new departments. The company has appointed Giuseppe De Mori as its new chief operations and logistics officer. He joined Valentino on January 17 from Bottega Veneta, where he had served as General Manager of Industrial Operations since 2008.
In his new role, De Mori will oversee the industrial strategy of the house, coordinating the manufacturing of all product categories along with the logistics function on a global scale. In addition, he will look after both internal and external customers “to further underline the company’s customer and colleague-oriented vision,” as the company puts it.
De Mori will also be responsible for making the industrial footprint efficient “through the development, improvement and digitization of internal processes”. There will be a focus on sustainability, which Valentino describes as a “strategic priority” to support growth.
The departments that report directly to De Mori include logistics, ready-to-wear, footwear and leather goods.
Valentino reorganizes the financial and operational structure and appoints two new executives
The Italian fashion house has also appointed Alberto Fasanotti as global chief financial officer. Fasanotti joins from Chanel in February, where he was CFO for the UK.
In his new role, Fasanotti will be responsible for leading finance strategy globally through transforming the organization and digitizing internal processes to measure and optimize business performance. Valentino adds that he will “identify risks and opportunities to ultimately facilitate all decisions related to strategic imperatives.”
Fasanotti will also be responsible for banking and financial services, accounting, tax and treasury, controlling and purchasing.
Jacopo Venturini, CEO of Valentino, said: “We are determined to embark on the next chapter of the brand together, streamlining the business and repositioning Valentino in its natural environment: as the most established Italian couture house.
“With energy and enthusiasm, we are charting a new course for the future, with a common goal: to strengthen the pillars of the company, to introduce a collegial and customer-oriented culture that puts people first, and a culture of creativity, Strengthen innovation and sustainability. The hiring of Giuseppe de Mori and Alberto Fasanotti is a fundamental step in our journey from a professional and values-oriented point of view.”
This article was previously published on FashionUnited.uk. Translation and editing: Barbara Russ