Giorgio Armani appoints long-time exec as new CEO

Giuseppe Marsocci has been appointed as Chief Executive Officer of the Giorgio Armani Group, effective immediately.

Marsocci, who has over 35 years experience in the fashion and luxury sector, 23 of which have been within the Armani Group in various roles “of increasing responsibility”, succeeds legendary founder Giorgio Armani, who passed away in September at the age of 91.

Marsocci was most recently Deputy Managing Director and Global Chief Commercial Officer at Giorgio Armani, a role he has been in for almost seven years, working directly alongside Giorgio Armani in the global management of the business. Prior to that, he was CEO of Giorgio Armani Corporation in America for five years, based in New York.

Unanimously proposed for the CEO role by the Armani Foundation, Marsocci will report to the board of directors chaired by Leo Dell-Orca, with Silvani Armani who is appointed as Vice President.

Leo Dell-Orca said: “His international professional experience, deep knowledge of the sector and the company, discretion, loyalty, and team spirit, together with his closeness to Mr. Armani in recent years, make Giuseppe the most natural choice to ensure continuity with the path outlined by the founder.”

Giuseppe Marsocci added: “I thank the Foundation, the board of directors and the Armani family for the trust placed in me. This is a project of extraordinary importance, of continuity and enhancement of one of the most prestigious made in Italy brands in the world, which has elevated itself for clients and the market from a simple brand to a true lifestyle brand.

“The goal is challenging, especially in a luxury market undergoing deep reflection, but it is achievable thanks to the fundamental contribution of an excellent team of clients, suppliers, partners and passionate collaborators worldwide, especially in Milan, many of whom have been close to Mr. Armani for many years.

“Together, we will do everything to perpetuate his business model and his idea of beauty, and we will carry it forward with consistency and sensitivity, taking into account the values and expectations of a changing world.”