Safilo CEO Luisa Delgado to Retire

Luisa Delgado, CEO of Safilo Group, has announced her intention to retire her position, for personal reasons, effective Feb. 28. She is being succeeded by Angelo Trocchia. Trocchia’s appointment will be effective April 1. Chairman of the Board Eugenio Razelli will handle CEO duties in the interim, Safilo reports.
Delgado (pictured here) became CEO of Safilo Group in October 2013. She led the company through a period of transition during which its largest licensor, Gucci, changed the relationship from licensee to supplier. In order to reposition the company following this change, Delgado has added Moschino, Givenchy, Elie Saab, havaianas, rag&bone, Swatch, and Rebecca Minkoff to the brand portfolio, and renewed the licenses of Dior, Jimmy Choo, Tommy Hilfiger, Max Mara, Kate Spade, Juicy Couture, and Saks.
She also opened new emergent markets with new direct subsidiaries and via global partners, and reinforced the product capabilities of Safilo with the new Design Studios, the integration of Lenti Manufacturing, and Safilo’s Product School.
Delgado is also retiring from her role as sole director of Safilo Industrial Srl and sole director of Safilo SpA. The Board of Directors of Safilo Group S.p.A. accepted the resignations accordingly. As of today, Delgado owns nr 38,008 of shares of the company and nr 290,000 stock options. The Board of Directors of Safilo Group and Delgado have mutually agreed to terminate the contractual relationship existing between them.
According to statement released today, Safilo Group’s Board of Directors “thank Delgado for her efforts and for helping to prepare the company for future success.”
After earning an MBA at the STOA'/MIT in Naples, Italy, and a Ph.D in aeronautical engineering at the University La Sapienza in Rome, Trocchia (pictured here) began an international career in Unilever in 1991, where he held various roles of increasing responsibility in supply chain and sales. Since 2013, Trocchia has been chairman and CEO of Unilever Italia. Previously, he was chairman and CEO of Unilever Israel.
According to an agreement executed today among Trocchia, Safilo Group S.p.A., and Multibrands Italy B.V., the reference shareholder of the company, Trocchia will become an officer of Safilo Group S.p.A. on April 1 and, at the annual shareholders’ meeting to be held on April 24 (i.e. upon expiry of the Board of Directors currently in office), will be on the list to be filed by Multibrands Italy B.V., in order to become a Director and CEO of Safilo Group S.p.A.
He will also hold the office of Sole Director of Safilo S.p.A. and Safilo Industrial S.r.l., subsidiaries of Safilo Group. He does not currently hold shares or other financial instruments of the Company.