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Ferragamo CEO Steps Down

In the latest round of fashion musical chairs,Salvatore Ferragamo's long-standing CEO, Michele Norsa, will depart the label today after 10 years steering its direction.

The Italian fashion house's chairman, Ferruccio Ferragamo, said that he was "very grateful" for the "10 wonderful years" Norsa had dedicated to the brand, reports WWD, adding that "I owe him a big thank you in front of you," while addressing the company's board of directors.


With the news, Salvatore Ferragamo becomes the latest Italian fashion house to have a shake-up at the top. Just last week, Roberto Cavalli appointed former Versace CEO Gian Giacomo Ferraris to the vacant position left by Renato Semerari, after Versace announced that it had enticed Jonathan Akeroyd from Alexander McQueen in May. Norsa's shoes at Salvatore Ferragamo will be filled by former Furla CEO, Eraldo Poletto.

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