MILAN – Valentino completed the structure of its organization with the appointment of Antonio Achille as chief operations and transformation officer, on April 8. Achille will report to the chief executive Riccardo Bellini, who has been building his team since he arrived in September last year.
This is a new role at Valentino that brings together different perspectives, as Achille will take care of all the divisions of the industry and the digital and technology functions.
Achille was most recently vice president of business development, strategy, innovation and new business at Chalhoub Group. His CV spans over 30 years across the luxury, retail and consumer sectors, including head of luxury at The Boston Consulting Group, former senior partner at McKinsey & Company, and CEO of furniture firm Natuzzi.
Valentino relies on a network of Italian production sites, from cities such as Bucine, Limite and Capraia that specialize in shoe production and building the Valentino Shoes Lab, while the Valentino Sporting Shoes Lab is in Macerata, especially Morrovalle, in the Marche region.
Ready-to-wear is made in Turin, with other plants in Scandicci (Tuscany) and Rosate (Lombardy), while the couture ateliers are at the company’s headquarters in Palazzo Mignanelli in Rome.
Bellini in December appointed Laurent Bergamo deputy CEO to open a new chapter for the Rome-based couture house. Bergamo intervened first Valentine in 2018, after spending 14 years at Tod’s.
Other key appointments include David Tosi as the brand’s chief marketing officer. He was previously chief global sales officer for Gucci ready-to-wear.
Bellini has also strengthened regional leadership teams with the appointment of Shi Ning as Valentino CEO Greater China, effective this month, and Esther Hörmann as Valentino CEO Europe in January.
Starting on March 2, Liran Peterzil, from Compagnie Financière Richemont and Giorgio Armani, joined Valentino as its new boss. of markets officer, reporting Bellini, and succeeding Yigit Turhan.
Peterzil is tasked with developing Valentine‘s global brand strategy, while in charge of marketscommunications, events, media relations and overall brand experience worldwide.
Creative director Alessandro Michele unveiled his fall collection for the Roman brand earlier this month, marking two years since his arrival at the couture house from Gucci.
These deals show the most progress and reorganization of all activities as part of a new chapter for the brand. As reported, Kering and Mayhoola in September jointly announced that the current structure of the house of Valentino will not change before 2028 at first.
This represents a change in the ownership agreement, which was made at the time when Kering acquired 30 percent of Valentino in 2023 for 1.7 billion euros as part of a broader partnership with the Qatari investment fund.
According to that original agreement, the French group had the option to buy 100 percent of Valentino’s capital in 2028, while Mayhoola could become a shareholder in Kering, with the final price related to the operation of the Italian fashion brand.
Following the new agreement, Mayhoola’s options in Kering exercisable in 2026 and 2027 for its remaining 70 percent stake in Valentino have now been extended to 2028 and 2029, respectively. Kering’s call option to acquire Mayhoola in 2028 has also been extended to 2029.
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