United Colors of Benetton by Stella Jean

MILAN — Benetton Group is seeing another change in its top management with chief executive officer Marco Airoldi voluntarily exiting on May 16.

Airoldi joined the fashion firm as ceo in 2014. Previously, as senior partner and managing director of Boston Consulting, Airoldi worked with the Benetton Group to define the three-year plan to restructure the company’s operations. At that time, Edizione Srl, Benetton Group’s parent holding company, was reorganized into three areas — managing brands, manufacturing and real estate.

On Wednesday, Benetton named Tommaso Brusò its new chief operating officer. Most recently, the Italian manager was North American ceo for Diesel.

Last March, James McArthur joined the board of directors of Benetton Group. McArthur held several top roles during his career in the fashion, luxury and retail industries. He has served, at separate times, as ceo of Harrods, Balenciaga and Anya Hindmarch, and, at Gucci Group from 2000 to 2007, was the executive vice president overseeing the Stella McCartney and Alexander McQueen brands after the group invested in those British labels. During his tenure at Gucci he also managed the acquisitions of other companies, including Bottega Veneta and Boucheron. Recently, McArthur became a board member of Detsky Mir, Russia’s largest children’s retailer, which listed on the Moscow Stock Exchange last year.

In November, Alessandro Benetton, who took the reins of his family’s company in April 2012 succeeding his father Luciano Benetton, exited the board of the Benetton Group. Alessandro Benetton heads private equity fund 21 Partners, which he founded in 1992 and is now called 21 Investimenti. The fund controls the Philippe Model footwear label, as well as Chiarini Group.

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