MILAN — Yoox Net-a-porter Group appointed Olivier Schaeffer as global chief operating officer Friday. Schaeffer succeeds Alberto Grignolo, who will remain with the company as senior strategic adviser to Schaefer.
Effective May 21, Schaeffer will oversee all the group’s global activities related to technology and logistics, reporting directly to the company’s chief executive officer Federico Marchetti.
A graduate of the HEC Paris business school, Schaeffer had experience at PWC and Carrefour before joining Sephora for 16 years, where he also held the role of chief operating officer and contributed to the growth and the development of the beauty retailer’s omnichannel approach.
Marchetti said Schaeffer’s appointment has the goal “accelerate YNAP’s ambitious plans of growth on a global scale” and that Schaeffer will be “a key element in [walking] us to the next stage of our growth.”
In particular, YNAP is likely to be delisted from the Milan Stock Exchange following the completion of Compagnie Financière Richemont SA’s takeover of the group, as nearly 95 percent of YNAP shareholders agreed to sell to the luxury giant on Thursday.
In January, Richemont launched a voluntary tender offer for all ordinary shares of the Yoox Net-a-porter Group SpA at 38 euros a share, for a value of up to 2.77 billion euros. Richemont’s plan was to acquire 51 percent of the YNAP shares it did not already own, valuing YNAP at about 5.3 billion euros.