WWD.com/business-news/executive-changes/moncler-ceo-alberto-lavia-exits-5293746/
government-trade
government-trade

Moncler CEO Alberto Lavia Exits

President Remo Ruffini will take on the additional role of ceo.

MILAN — Moncler Group said Thursday that Alberto Lavia is leaving his post as chief executive officer.

“To have worked with Alberto over these months has enriched me not only on a professional level, but also on a personal one,” said president Remo Ruffini, in thanking Lavia for his contribution to the group. Ruffini will take on the additional role of ceo.

Lavia joined the firm in July 2010 as Moncler geared up for an initial public offering — a project shelved in June this year when Paris-based investment firm Eurazeo took control of the Italian brand.

The executive was previously ceo at Nice, France-based Façonnable Group and chairman of Kenzo and Gruppo La Perla before that. He has also held ceo positions at Polo Ralph Lauren Europe and Calvin Klein Europe.

In June, Moncler decided to pull the plug on its proposed IPO in Milan and agreed to sell a 45 percent stake to Eurazeo for 418 million euros, or $573.3 million at current exchange rates. The transaction valued Moncler at 1.2 billion euros, or $1.6 billion.