PARIS – Puma said Stefano Caroti has handed in his resignation as chief commercial officer, effective Dec. 31.

According to the German activewear brand controlled by Kering, Caroti, who has held the position since 2008 and is also a board member, is leaving “at his own request” and “for family reasons.”

Puma said it was accepting this request “with great regret” and thanked the executive for his “high engagement and his successful service.”

Puma’s chief executive officer Bjørn Gulden is to take over Caroti’s responsibilities on board level, effective Jan. 1.

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