MILAN — Giorgio Armani SpA has tapped former Gianni Versace SpA executive Daniele Ballestrazzi to be acting chief operating officer of its U.S. subsidiary Giorgio Armani Corp., effective immediately.
Ballestrazzi replaces Matteo Mascazzini, who has left the company and returned to his native Italy to become controller of the Gucci division at Gucci Group. Mascazzini joined Armani in March of last year.
The announcement comes in the wake of Bridget Ryan Berman's resignation as chief executive officer of Armani's U.S. operations. A company spokesman said Friday that Ryan Berman's replacement will be announced in "due course."
"I am delighted to welcome Daniele Ballestrazzi to our company as we continue to build one of the industry's most experienced management teams," Giorgio Armani, president and ceo, said in a statement.
Ballestrazzi, 42, has spent the last 15 years at Versace, most recently as the company's general manager and chief financial officer. Prior to that, he worked at Andersen Consulting and Italian machinery company Mandelli Group.
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