SALVATORE FERRAGAMO CEO ERALDO POLETTO TO LEAVE COMPANY

Luxury Italian brand Salvatore Ferragamo has announced that its chief executive officer Eraldo Poletto is leaving after less than two years at the helm.

Poletto, who joined the company in August 2016 from leather-goods maker Furla SpA, will step down on March 8, the company said in a statement late Tuesday in which it did not name a successor. Salvatore Ferragamo did not disclose a reason for Poletto’s departure but said in a statement that the split was mutually agreed.

The company went on to say: “To Mr. Poletto, the most vivid appreciations for having contributed, during his tenure, to the start of a new chapter in the company’s history, characterized by a great dynamism, an important digital breakthrough and a special attention to the brand and to the product, also manifested during the recent Milan fashion shows.”