Armani names new board as succession process concludes smoothly

MILAN: Giorgio Armani Spa has formally completed its succession procedures and unveiled a newly appointed Board of Directors, marking a carefully managed leadership transition for the iconic fashion house. The shareholders’ meeting convened following the smooth and timely conclusion of the process, allowing the new board to be established exactly as envisioned by the late founder.

The refreshed eight-member board blends continuity with strategic expertise. Three members of the Armani family take their place alongside four independent directors with deep experience in global fashion and finance. The company’s operational reins remain with CEO and managing director Giuseppe Marsocci, the only executive on the board.

Pantaleo Dell’Orco has been confirmed as chairman, with Marsocci reaffirmed in his dual role. The full board now includes Silvana Armani, Andrea Camerana, Marco Bizzarri, John Hooks, Federico Marchetti and Angelo Moratti.

The board will steer the company in line with the founding principles created by Giorgio Armani and safeguarded by the Giorgio Armani Foundation, which will permanently retain at least 30 per cent ownership, regardless of future scenarios such as new investors or a potential listing.

The foundation’s members include Dell’Orco, Camerana, Irving Belotti, Elena Terrenghi and Andrea Silvestri.

Commenting on the new structure, Dell’Orco said the board brings together family representation, long-time collaborators of Mr Armani and seasoned independent professionals. He added that this combination offers the strongest foundation for carrying forward and evolving the founder’s vision of beauty, business and ethics, ensuring the brand remains well equipped for the challenges and opportunities ahead.