Former Gucci America Executive Matteo Mascazzini Tapped as New Geox CEO
Following the release of Geox year-end sales, which fell 1.8 percent to 884.3 million euros, and despite the confidence of president Mario Moretti Polegato, shares were down 6.1 percent to 2.68 euros in mid-day trading on the Milan Stock Exchange on Friday.
MILAN – Former Gucci America chief operating officer Matteo Mascazzini is expected to take on the chief executive officer role at Geox SpA – a position to be made official during a board meeting that will be held on Feb. 1. He will succeed Gregorio Borgo, who is leaving the Italian footwear company after only one year.
Mascazzini has 20 years of experience in fashion. For 10 years, he held several positions within Gucci, including associate president of Gucci Europe, Middle East and India, and president and ceo of Gucci Japan, among others.
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