MILAN — Salvatore Ferragamo SpA is saying goodbye to yet another executive hired by the company’s previous chief executive officer. The Florence-based luxury company said Tuesday that chief financial officer Ugo Giorcelli will be leaving as of Jan. 11.
A meeting of the board will be held on Dec. 13 to deliberate on the issue.
Ferragamo said Giorcelli, who as of Tuesday does not old any ordinary shares, is not entitled to any additional compensation or benefits, nor is he obliged to a non-competition agreement.
Giorcelli joined Ferragamo in March 2016, succeeding Ernesto Greco, tapped by former ceo Eraldo Poletto. Giorcelli was previously cfo of Italian hearing aids firm Amplifon, a position he had held since 2007. Poletto exited Ferragamo last March and has since joined Stuart Weitzman. The company is now helmed by Micaela Le Divelec Lemmi.