Stefano Sassi, who was leading Italian luxury house Valentino, is leaving the company.
And, who’s stepping in!
The luxury label has roped in former Gucci executive Jacopo Venturini as the new Chief Executive to lead the company from June onwards.
Jacopo will now take the helm as luxury sales decline worldwide.
Stefano was responsible for effecting a turnaround in the fashion house since 2006 and bringing its name to the fore. He is leaving the company after 15 years and is in full agreement with the board as they aim to take the label to new heights.
Jacopo, who was previously serving the role of Executive Vice President or Merchandising and Global Markets at Gucci, has also worked with Valentino in the past.
He was the brand manager for womenswear and menswear from 2000-2004, and followed by being the ready-to-wear collection director in 2008.
“I strongly believe that Jacopo Venturini has a sharp vision and unique capability in sensing market changes. He will inject in Valentino new vibrant energies. We are happy to have him lead the brand on a new course,” averred Valentino Chairman Rachid Mohamed Rachid.
