By  on June 5, 2009

MILAN — Gianni Versace SpA is to part company with chief executive officer Giancarlo Di Risio by mutual consent — and it’s understood the front-runner to succeed him is Jil Sander AG ceo Gian Giacomo Ferraris.

Following a board meeting Friday, Versace said in a statement, “The company thanked Mr. Di Risio for the work he has done during his tenure as ceo and Mr. Di Risio expressed his gratitude to the board of directors, to the shareholders and to all the employees of the Versace group for their support and collaboration over the last five years.” His departure confirms a May 21 report in WWD.

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