Published by Global Banking & Finance Review®
Posted on September 12, 2025
1 min readLast updated: January 21, 2026
Add as preferred source on GoogleThe Giorgio Armani Foundation will propose a new CEO while retaining a 30% stake, ensuring adherence to its founding principles.
MILAN (Reuters) -The Giorgio Armani foundation, set up in 2016 and the key pillar of the Italian designer's succession, will propose the name of the group's new CEO, Armani's executive committee said on Friday.
"The Fondazione .. shall never hold less than 30% of the capital, thereby acting as a permanent guarantor of compliance with the founding principles", the committee said in a statement.
The committee, established to oversee the succession after Armani's death, includes the designer's business and life partner Pantaleo Dell'Orco, members of the Armani family and senior managers.
"We affirm.. our commitment to supporting this path in full respect of his wishes, united by the shared goal of securing the best possible future for the company and the brand", the committee added in the statement.
(Reporting by Elisa Anzolin, editing by Gianluca Semeraro)
Corporate governance refers to the systems, principles, and processes by which a company is directed and controlled. It encompasses the mechanisms through which companies, and their stakeholders, interact.
A foundation is a non-profit organization that typically provides funding and support for charitable activities. Foundations can be established by individuals, families, or corporations to promote social, educational, or cultural causes.
Explore more articles in the Headlines category
