News

Advanced Search

Sofisti Leaves Gucci Watches & Jewelry Division

Dec 3, 2014 3:14 AM   By Ronen Shnidman
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... The CEO of Gucci's watches and jewelry division, Michele Sofisti,  left the company to pursue other personal and professional opportunities, Gucci announced to the Italian press. 

Patrizio di Marco, Gucci's president and CEO, will serve as interim head of the watch and jewelry division, while the company expects to name a permanent replacement for Sofisti shortly.

"Michele was truly the mastermind of Gucci's turnaround and expansion in watches," di Marco said. "The credit for the division's success belongs solely to him and the great team he has built there."

Sofisti, an expert in haute horlogerie, first joined Gucci's watch division in 2009 as a strategic adviser. He was appointed division CEO in 2010, before being named CEO of the Sowind Group in 2011. Both the Sowind Group and Gucci are owned by luxury retail giant Kering.

In July, Kering announced a group reorganization that would require each of its subsidiaries to have a dedicated full-time CEO. Following that decision, Sofisti resigned his position as CEO of Sowind Group to focus on his efforts as CEO of Gucci's watches and jewelry division.



 
Tags: gucci, Jewelry, kering, Ronen Shnidman, Sofisti, Sowind Group
Similar Articles
Diamonds for Fantasy story 150Unique Designs to Buy Modi Company Inventory
Jul 15, 2018
Jewelry manufacturer Unique Designs is the top contender to buy the assets of Nirav Modi subsidiary Fantasy,
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2018 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.