At the end of the year, Marco Gobbetti will step down as CEO of Burberry to move to Salvatore Ferragamo, taking over from Micaela Le Divelec Lemmi. In other words, he will take on the role of general manager and CEO of the Italian brand. Gobbetti will hold office at Burberry until the end of 2021, planning the transition phase while waiting for the British brand to find his successor.
Marco Gobbetti leaves Burberry
“Marco Gobbetti will be on the job as soon as he is free from his contractual obligations” writes Ferragamo in a press release published online. Gobbetti has a long managerial career in fashion and luxury. In the past, in fact, before joining Burberry, he was CEO of Moschino, Givenchy, Celine. Ferragamo has convened an extraordinary Board of Directors for Thursday July 1st, 2021, to assess all the necessary formalities for Gobbetti’s entry.
Burberry’s confirmation
Burberry confirmed Gobbetti’s exit on its portal, stating that the manager “has communicated to the Board of Directors his intention to resign from the position of CEO, and will leave the company at the end of 2021”. He will do it, “after almost five years with the company to seize another opportunity that will allow him to return to Italy and be closer to his family”.
An incredible privilege
“It has been an incredible privilege to serve Burberry as CEO and lead a very talented team”, says Gobbetti. While Gerry Murphy, president of the English brand, expresses disappointment and understanding for Gobbetti’s decision. “We fully respect your desire to return to Italy and are on track with the implementation of our strategy and our prospects remain unchanged. We are determined to develop and strengthen strong fundamentals to accelerate growth and provide additional value to our shareholders”.
Read also:
- Like Burberry, Abloh and Gucci work on young people and sustainability
- Burberry’s year: 2.34 billion pounds of revenue, -10%
