Headlines
Giorgio Armani foundation to propose new CEO, keep 30% stake
Published by Global Banking and Finance Review
Posted on September 12, 2025
1 min readLast updated: January 21, 2026
Quick Summary
The Giorgio Armani Foundation will propose a new CEO while retaining a 30% stake, ensuring adherence to its founding principles.
Giorgio Armani Foundation to Recommend New CEO While Retaining 30% Stake
Giorgio Armani Foundation's Leadership Transition
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.
Role of the Executive Committee
"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.
Commitment to Founding Principles
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)
Key Takeaways
- •Giorgio Armani Foundation to propose a new CEO.
- •Foundation retains at least 30% stake in the company.
- •Executive committee oversees succession planning.
- •Commitment to Armani's founding principles.
- •Pantaleo Dell'Orco and Armani family involved.
Frequently Asked Questions about Giorgio Armani foundation to propose new CEO, keep 30% stake
1What is corporate governance?
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.
2What is a foundation?
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.
