By  on March 19, 2013

BREGANZE, Italy — Change is afoot at Diesel and parent company Only the Brave Srl, whose name has now been cut short to OTB SpA.

Stefano Rosso, son of Diesel founder Renzo Rosso, has been appointed co-chief executive officer of OTB. In a separate development, Daniela Riccardi, ceo of Diesel, will leave the denim and sportswear brand on April 1. A Procter & Gamble Co. veteran, Riccardi joined Diesel in 2010 with the goal of boosting global expansion. No information on a successor was provided at press time.

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