Salvatore Ferragamo Group will hold its next shareholders’ meeting on April 23, when a new board of directors will be elected. On April 2, the major shareholder Ferragamo Finanziaria S.p.A. announced the list of board nominations, which includes the current chairman, the fifth son of the founder, Leonardo Ferragamo, Vice-Chairperson Angelica Visconti, and CEO and General Manager Marco Gobbetti, all of whom will remain in their positions.
The new board of directors will also include two members from the third generation of the Ferragamo family: Giacomo Ferragamo and Niccolò Ferragamo, in addition to Umberto Tombari and Elisa Burlamacchi.
The number of independent directors has been reduced from five to three: Sara Ferrero, Patrizia Michela Giangualano, and Fabio Gallia.
Ferragamo Finanziaria S.p.A. also proposed an annual remuneration of 500,000 euros for the board members.
The term of office for this board is three years, ending with the fiscal year 2026.
Earlier this year, the Ferragamo Group released its full annual report: total revenue fell by 7.6% to 1.16 billion euros compared to the previous year (a decrease of 8.1% at constant exchange rates). Regionally, sales in the Asia-Pacific area decreased by 13.1% in 2023 compared to the previous year at constant exchange rates. However, there was a positive trend in net sales in the fourth quarter (+2.2%), with wholesale and retail sales in the Greater China region experiencing double-digit growth in the fourth quarter.
| Source: Group website
| Image Credit: Group website
| Editor: LeZhi
