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Valérie Hermann Steps Down From Moncler Board

She was recently tapped as president of Ralph Lauren Luxury Collections.

MILAN — Valérie Hermann, recently tapped as president of Ralph Lauren Luxury Collections, on Monday resigned as a Moncler SpA independent director, “due to unforeseen professional commitments,” said the Italy-based company, following a board meeting. Hermann, a former president and chief executive officer of Reed Krakoff, also resigned as a member of Moncler’s Control and Risks Committee and Nomination and Remuneration Committee.

Thanking Hermann for her contributions, Moncler’s board co-opted Gabriele Galateri di Genola onto the board until the next shareholders’ meeting, expected to be held in March or April next year to approve the group’s 2014 year-end financial statements. Galateri di Genola also takes over from director Alessandro Benetton as chairman of the Control and Risks Committee. Benetton, however, will remain member of the Control and Risks Committee and of the Nomination and Remuneration Committee.