Gucci chief executive Patrizio di Marco will leave the company on January 1, 2015 and the creative director, Frida Giannini will also leave her position at the end of February 2015.
Di Marco will be succeeded by Marco Bizzarri, who is currently the chief executive of the parent group Kering’s Luxury – Couture and Leather Goods division.
A replacement for Giannini will be appointed at a later date.
Di Marco joined the Kering Group in 2001 as chief executive of Bottega Veneta and has been the chief executive of Gucci for six years.
Giannini joined Gucci in 2002 and has held several senior roles including head of design for leather goods and head of design for women’s ready-to-wear. She will show her autumn 15 womenswear collection on February 25, 2015, and leave shortly after, said the company in a statetement.
As newly-appointed Gucci chief executive, Bizzarri will report directly to François-Henri Pinault, chairman and chief executive of Kering. Pinault will become interim chief executive of the Luxury – Couture and Leather Goods division until a new executive is appointed.
Pinault said: “Today, Gucci is one of the most iconic, well-known and prominent luxury brands in the world, thanks to the hard work and dedication of all of its employees. As for Marco, after successfully setting up Kering’s Couture and Leather Goods division in only a few months, I am fully confident that he will now build on Gucci’s extraordinary legacy to have the 93-year-old house enter a new momentum and continue to write bright chapters of its exceptional history.”
Kering has been overhauling the leadership of its portfolio of luxury brands. In October, the business appointed Carlo Alberto Beretta as chief executive of Bottega Veneta, Gianluca Flore as chief executive of Brioni and Sarah Crook as chief executive of Christopher Kane.