GUCCI NAMES DE SOLE CEO

MILAN--Domenico De Sole has been promoted to chief executive officer of Gucci, the company said Monday.
De Sole, 51, was president and ceo of Gucci America, the company's U.S. unit, for 10 years before returning to Italy in 1994 to become Gucci's chief operating officer.
"He has made a tremendous contribution to the successful repositioning of Gucci, and I am confident that he will continue to build upon that success in his new position," company chairman William Flanz said of De Sole.

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