GUCCI’S ANDRETTA EXITS
MILAN — Thierry Andretta has stepped down as vice president of Gucci Group’s Emerging Brands Division to pursue other interests.
James McArthur, executive vice president of the group, has assumed responsibility for the division and will maintain his current role in directing the group’s strategy.
“I want to extend my personal thanks to Thierry,” said Domenico De Sole, president and chief executive officer, in a statement. “He has played an important role in establishing the foundation for this division. We wish him every success in his future endeavors.”
Since joining Gucci Group in December 2000, Andretta guided the start-up phase of the Emerging Brands Division, which includes the Stella McCartney, Alexander McQueen and Balenciaga brands.
“James [McArthur] has been involved with these three businesses from their outset with Gucci Group — I am very happy that they will now benefit directly from his experience and guidance,” said De Sole.
Continuing in their ceo roles for the divisions are Sue Whitely, who last month was named at McQueen; Pascal Perrier, who started in September at Balenciaga, and James Seuss, who has headed the McCartney unit since May.