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Ferragamo says CEO Norsa to leave post by end of 2016

Salvatore Ferragamo’s Chief Executive Michele Norsa will leave his post by the end of the year after a decade at the helm of the Italian luxury goods maker, the company said in a statement on Thursday.

The change comes only a month after Ferragamo announced that its creative director Massimiliano Giornetti had stepped down.

Norsa joined Ferragamo as CEO in 2006 and led the company during its 2011 stock market listing. He was previously CEO at Italian fashion designer Valentino.

(Source: CNBC)