Ferragamo CEO Michele Norsa to step down by end of 2016

Salvatore Ferragamo’s Chief Executive Michele Norsa will leave his post by the end of the year after a decade at the helm of the Italian luxury goods maker, the company said in a statement on Thursday.

Norsa joined Ferragamo as CEO in 2006 and led the company during its 2011 bourse listing. “Norsa has expressed the wish to prioritise family and to focus on new professional interests after a long period of intense efforts and rewarding results,” the company said in a statement.

The Salvatore Ferragamo Group closed 2015 with revenues of 1, 4 billion euro (+ 7%), an EBIT of 265 million (+ 8%) and net profit to 173 million (+ 10%).

The company expects a similar performance in 2016. Mexico and Australia have been the most dynamic markets for Ferragamo in 2015.

Michele Norsa, CEO Ferragamo