Force movements YNAP CEO Joins Giorgio Armani Board, Coty Appoints New CEO | News and analysis, Power Moves
London, United Kingdom – BoF puts together the most important professional moves of the week.
Yoox Net-a-Porter’s CEO joins Armani’s Board of Directors
Giorgio Armani announced Federico Marchetti, director of the RichemontYoox Net-a-Porter Group, a renowned luxury e-commerce retailer, has been appointed a non-executive director on the board of the luxury fashion house.
Coty appoints new CEO
Coty, recently bought an interest of 20 percent in Kim Kardashian WestKKW’s makeup brand for $ 200 million, named L’Oréal veteran Sue Y. Nabi, the chief executive, effective September 1. The appointment took place just a month after the beauty giant Peter Harf named the chief executive. (Hart now becomes the company’s executive chairman.) Nabi is also a co-founder of the beauty brand Orveda.
Moynat, owned by LVMH, appoints a creative director
Nicholas Knightly, who last as Louis Vuittondirector of leather goods design moves to Moynat. Knightly replaces Ramesh Nair and oversees the design on the label, best known for its handbag and luggage.
Richemont announces new member of the senior executive committee
Former Givenchy Chief Executive Philippe Fortunato, recently named head of Richemont’s fashion and accessories division, will also join the senior executive committee of the luxury conglomerate from 1 September. Other board members of the senior executive committee include Richemont Chief Executive Jérôme Lambert, Chief Executive and President of Cartier Cyrille Vigneron and head of Richemont’s specialist watchmaking retailer Emmanuel Perrin.
Head of HR of Adidas is leaving
The sportswear giant has announced that Karen Parkin, Global Head of Human Resources, will be leaving the company. The move will follow The Wall Street Journal reported that workers have called on board to investigate Parkin’s approach to dealing with racial issues in the workplace. Parkin also stepped down from the board after 23 years with the company. Adidas Chief Executive Kasper Rorsted takes responsibility for global human resources in the meantime until Parkin’s successor is announced.
Hugo Boss new chief sales officer of Tommy Hilfiger
Former PVH Europe Chief Commercial Officer Oliver Timm, who oversaw both Tommy Hilfiger and Calvin Klein in the region, has been appointed as new chief sales officer of the German suit manufacturer with effect from 1 January 2021. Timm joins his former boss Daniel Grieder at the company. Grieder was recently appointed general manager of the German packmaker after several years at PVH.
Lazada appoints a new CEO
Southeast Asian e-commerce group Lazada, which is owned by Chinese technology giant Alibaba, has appointed former Lazada co-chairman and head of Indonesian operations Chun Li as chief executive. Li replaces former CEO and co-founder Pierre Poignant, who is now the special assistant to Alibaba Group chairman and CEO Daniel Zheng.
Cosmopolitan appoints new weekend editor
Cosmopolitan has appointed Paulina Jayne Isaac weekend editor with immediate effect. Isaac joined the magazine as a writer and editor after several years of freelancing Glamor, Crowds and StyleCaster.
Founder Pinduoduo resigns, called new CEO
Pinduoduo, one of China’s largest ecommerce platforms, announced that founder Colin Huang has given up his role as CEO, but will take on the role of chairman, focusing on the company’s long-term strategy. Step into the breach when the new chief executive is Chief Technology Officer and founding member of tech giant Chen Lei.
Deckers Brands adds to the board of directors
The company behind Uggs, Teva, Sanuk and Hoka One One has the former Chief Executive of Tapestry Inc. Victor Luis to the board of directors. The move follows the resignation of James Quinn, who has served on Deckers Brands’ board of directors since 2011.
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