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Safilo CEO Out; New Chief Named

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She’s leaving for personal reasons.

PADUA, ITALY – Safilo Group CEO and director Luisa Delgado is retiring as of Feb. 28 for personal reasons, the company announced.

Angelo Trocchia, who has served as CEO and chairman of Unilever Italia since 2013, will take over as the new top executive. The board of directors “thanks Mrs. Delgado for her efforts and for helping preparing the company for future success,” according to a press release.

Detailing Delgado’s efforts, the release noted:

Luisa Delgado has led the company through a period of transition during which its largest licensor, Gucci, changed the relationship from licensee to supplier. In order to reposition the company following this important change, Ms. Delgado has added to the Brand portfolio Moschino, Givenchy, Elie Saab, havaianas, rag&bone, Swatch and Rebecca Minkoff, and renewed the licenses of Dior, Jimmy Choo, Tommy Hilfiger, Max Mara, Kate Spade, Juicy Couture and Saks. She also opened new emergent markets with new direct subsidiaries and via Global Partners, and reinforced the Product capabilities of Safilo with the new Design Studios, the integration of Lenti Manufacturing and Safilo’s Product School.

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Trocchia will as an officer of Safilo on April 1. At the annual shareholders’ meeting to be held on April 24, he will be on the list to be filed by Multibrands Italy B.V., the reference shareholder of the company, to become a director and CEO of Safilo.

Until the official appointment of the new CEO, the board has granted interim powers to Chairman Eugenio Razelli.

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