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The Armani Group’s succession plan following the death of its founder Giorgio Armani on 4 September is coming further into focus.
On Thursday, Armani Group announced Giuseppe Marsocci as CEO, effective immediately. He will also join the board of directors. Previously, Mr Armani held the role since founding the house in 1975.
Marsocci has been at Armani for 23 years. Since 2019, he has reported directly to Armani concerning the global management of the business in his role as deputy managing director and global chief commercial officer. Prior to this, Marsocci was CEO of Giorgio Armani America for five years.
“I thank the [Armani] Foundation, the board of directors and the Armani family for the trust placed in me,” Marsocci said in a statement. “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.”
Marsocci was unanimously proposed by the Armani Foundation, according to the release. He will report to the board of directors, chaired by Leo Dell’Orco, with Silvana Armani, who worked alongside Armani to design the women’s collections and will be appointed as vice president of the company.
On Marsocci’s appointment, Dell’Orco said in a statement: “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.”