Alessandro Corsi to Join MinervaHub as CEO, Departing Salvatore Ferragamo as CFO
MinervaHub S.p.A, an innovative Italian industrial reality in the fashion sector specialized in cutting-edge finishes, materials, and processes for fashion & luxury accessories, announced Alessandro Corsi as CEO of the Group.
The Tuscan manager will depart his role as CFO of Salvatore Ferragamo Group. Corsi entered the Ferragamo Group Planning and Control Department in 2003 as Business Development Director supporting the CEO on markets and strategic projects, and, subsequently, as Investor Relations Director and Digital/E-Commerce Director, to continue with an important line role as EMEA Region Director from 2013 to 2018, and again in 2018 assuming the role of Group Chief Strategy Officer before becoming Chief Financial Officer in January 2019.
Alessandro Corsi will assume the position on 2 October 2023, with the aim of implementing the Artisan Industrial model of MinervaHub, an integrated platform at the service of the main players in the high-end sector, thus supporting the Executive Chairman of MinervaHub Matteo Marzotto at the helm of the corporate team.
Matteo Marzotto stated, “I extend a warm welcome to Alessandro. I believe that the experience gained, and his brilliant career will be able to make a decisive contribution to the extraordinary platform of skills and creativity that MinervaHub represents, further enhancing our characteristics as a global unicum at the service of the best beautiful and well-made products in Italy”.
Farfetch Announced Appointment of Chief Financial Officer Tim Stone
Farfetch announced that Tim Stone has joined the Company and will become Chief Financial Officer effective September 1, 2023. Mr. Stone succeeds Elliot Jordan whose departure was announced in February. After a handover period, including the reporting of Farfetch’s second quarter 2023 results scheduled for August 17, 2023, Mr. Jordan will leave the Company on August 31, 2023.
Mr. Stone brings vast experience from marketplace and technology platform businesses to his role at Farfetch. He spent more than 20 years in senior finance roles at Amazon.com, including as Chief Financial Officer for the AWS, Devices and Digital Content businesses. In addition, he was CFO for Ford Motor Company.
José Neves, Founder, Chairman and CEO, Farfetch, said, “I am delighted to welcome Tim to the Company. His more than two decades of experience in helping shepherd a leading consumer marketplace with a focus on delivering profitable, sustainable growth are an ideal match for this next chapter of Farfetch’s trajectory. This is very much a period of execution at Farfetch and he will help ensure that we deliver the best possible financial performance in the years ahead. Once again, I offer my heartfelt thanks to Elliot for all his contributions and wish him all the very best in his future endeavours.”
Tim Stone, Chief Financial Officer, Farfetch, said, “This is a wonderful time to be joining Farfetch. The company is successfully leading the digitization of the luxury fashion industry, putting it at the heart of a long-term, global growth market. With a focus on our customers and industry partners, profitable growth, and operational execution, we are well positioned to drive free cash flow generation. I am grateful to José for the opportunity to join the team and look forward to many years of success together.”
Columbia Sportswear Company Hires Tricia L. Shumavon as President, prAna Brand
Columbia Sportswear Company (Nasdaq:COLM), a global leader in designing, sourcing, marketing, and distributing outdoor, active and everyday lifestyle apparel, footwear, accessories, and equipment products, today announced that Tricia L. Shumavon will be joining the Company in the position of prAna brand President.
Ms. Shumavon has vast experience in the sportswear industry, most recently with Adidas in Europe where she was the Global Vice President of Women’s, Men’s, and Kids sportswear apparel. She has deep roots in merchandising and a proven track record for innovating global brands with such companies as Nike, The Gap and L Brands.
“We are excited to have Tricia Shumavon join our team to lead the prAna brand,” said Craig Zanon, SVP, Emerging Brands. “Tricia brings a wealth of experience to the job and a consumer-led mindset, which will help propel the prAna brand.”
Ms. Shumavon will begin as prAna brand President in September 2023.
Jan-Patrick Schmitz Appointed Chief Executive Officer of John Hardy
John Hardy announced that it has named Jan-Patrick Schmitz as Chief Executive Officer. To ensure a smooth transition, President and Interim CEO Audrey Finci will continue to support the Company as an advisor and remain a member of John Hardy’s Board of Directors.
Schmitz, a renowned luxury goods executive, brings a wealth of consumer and retail experience to John Hardy. Most recently, he served as CEO of Muirbury & Co., an independent firm he founded that specializes in building product-centric, premium brands across distinct consumer sectors. Previously, he served as Global CEO and Chairman of the Management Board of the WÜSTHOF Group. Earlier in his career, he spent nearly 20 years at Richemont, where he held various senior leadership roles at Montblanc, including President and CEO of Montblanc North America, Head of Supply Chain Management, and President & CEO of Montblanc Japan. Schmitz holds several director roles for global luxury goods and consumer-focused brands, including Timeless Wines, Thornwillow, and Pollaro.
“John Hardy prides itself on its authenticity and community values, and I look forward to contributing to the company’s success while upholding the brand’s important commitment to sustainable luxury business practices and craftsmanship,” said Schmitz. “I’m excited to work closely with Reed and the rest of the talented team as we build on John Hardy’s artisan heritage to accelerate growth.”
“Patrick brings valuable knowledge of the luxury market, a deep understanding of today’s consumer, and a history of building and growing premier luxury goods businesses. He also embodies the level of determination, drive, and passion that makes John Hardy so unique, and we’re thrilled to welcome him to the family,” said Audrey Finci, John Hardy President and Interim CEO. “It has been a privilege to work with such an exceptional team these past years and lead the company on an interim basis. As Patrick gets settled, I’m committed to ensuring a seamless transition and can’t wait to witness John Hardy’s continued success.”
Reed Krakoff, Creative Chairman of John Hardy, added, “Patrick’s successful track record gives us the utmost confidence that he will create exciting new opportunities for John Hardy. I look forward to guiding John Hardy together. With his curated expertise and strong alignment with our culture, we are confident Patrick is the right person to lead John Hardythrough this next chapter.”
Revlon Announces CEO Transition
Revlon announced that Elizabeth (Liz) A. Smith has been appointed Interim Chief Executive Officer of the Company, effective immediately. Smith has served as Executive Chair of the Revlon Board of Directors (the “Board”) since May 2023 and will continue in that role. Smith previously served as Executive Chairman and Chief Executive Officer of Bloomin’ Brands, Inc., Chair of the Federal Reserve Bank of Atlanta, and President of Avon Products, Inc.
Debra Perelman is stepping down from her role as President and Chief Executive Officer and as a member of the Board, and will serve as an advisor to the Company for a transition period.
Liz Smith said: “This is an exciting time for Revlon, which is well positioned for its next phase of growth with a simplified capital structure and the support of new owners. I am energized by the engagement of our new Board, which is committed to the execution of the Company’s business transformation. Along with the leadership team, I look forward to building an organization-wide culture of innovation and excellence, and to working with our retailer, supplier and distribution partners to reignite the momentum in our iconic brands.”
In May of this year, Revlon emerged from a financial restructuring with approximately $236 million of liquidity, funded through an equity rights offering, a new money senior secured credit facility, and new asset-based loans. Revlon also formed a new Board comprised of accomplished senior executives with significant consumer, retail, and beauty sector experience and operational expertise.
Debra Perelman said: “It has been an honor to lead the talented and dedicated Revlon team over the past five years, and I am grateful to my colleagues for their partnership and support throughout this time. With a successful financial restructuring behind us, I believe now is the right time to pass the torch. Revlon’s simplified capital structure and significantly reduced debt have positioned the Company for long-term growth. I have every confidence in the Company’s future success.”
Liz Smith continued: “The entire Board of Directors is grateful to Debbie for her many contributions to Revlon as both CEO and a member of the Board for the past five years – especially for her leadership during the COVID-19 pandemic and the financial restructuring process. We look forward to engaging with the Revlon team to capitalize on the many opportunities ahead and to deliver value for all of our stakeholders.”
Tobia Prevedello Announced Celine Managing Director Europe and Middle East
Per LinkedIn Tobia Prevedello stated, “Today I am happy to announce that I recently started at Celine as Managing Director Europe and Middle East, based in Paris. The decision to join one of the most respected and successful luxury brands was easy. Throughout my career, I have always placed a great emphasis on a company’s brand and culture reputation. That’s why I was immediately drawn to this amazing project from the very first contact.”
Previously, Prevedello was at Gucci as the VP EMEA and prior to that he was at Bottega Veneta.