MILAN — Benetton chief executive officer Gerolamo Caccia Dominioni is expected to leave his post in April at the end of his three-year contract, according to sources in Italy.
This story first appeared in the January 19, 2010 issue of WWD. Subscribe Today.
A spokesman at the Italian apparel manufacturer declined comment Monday.
Caccia Dominioni was previously the London-based vice chairman and chief operating officer of Warner Music International, a division of Warner Music, and he succeeded Silvano Cassano as Benetton ceo in 2007. Cassano left the company after clashing with the Benetton family over international strategy. Alessandro Benetton holds the title of executive vice president, and his father, patriarch Luciano Benetton, that of chairman.
Sources say the involvement of the family could also have led to friction with Caccia Dominioni. As for the future, the question is: Could another nonfashion executive take Benetton’s helm? Cassano is a former Fiat executive and his predecessors Luigi De Puppi and Carlo Gilardi came from the worlds of home appliances and banking, respectively.
Benetton’s preliminary 2009 financial results will be reported Jan. 28. For the three months through Sept. 30, net profits increased to 56 million euros, or $80 million, from 38 million euros, or $57.3 million. Revenues grew 13.2 percent to 609 million euros, or $870.4 million, from 538 million euros, or $810.6 million.