Giorgio Armani S.p.A. has officially completed the succession process following the passing of its legendary founder, Giorgio Armani, who died on September 4 in Milan. Alongside this milestone, the company has appointed a new eight-member Board of Directors, three of whom represent the Armani family.
According to the company, the succession procedures were completed smoothly and followed the schedule set by Armani himself. The newly announced board reflects the founder’s long-term vision and governance structure.
The Board includes three family members, four independent non-executive experts in fashion and finance, and one internal executive—the CEO and general manager—responsible for day-to-day operations.
Pantaleo Dell’Orco has been confirmed as chairman, while Giuseppe Marsocci will continue as CEO and general manager.
The new Board of Directors includes:
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Pantaleo Dell’Orco (Chairman)
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Silvana Armani (Director)
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Andrea Camerana (Director)
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Giuseppe Marsocci (CEO and General Manager)
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Marco Bizzarri (Director)
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John Hooks (Director)
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Federico Marchetti (Director)
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Angelo Moratti (Director)
The company emphasized that the Board will continue to operate in line with Armani’s founding principles, which are safeguarded by the Giorgio Armani Foundation. One key provision ensures that the Foundation’s ownership stake in the company will never drop below 30%, even in the case of future new investors or a potential public listing.
The Giorgio Armani Foundation is led by Pantaleo Dell’Orco and includes Andrea Camerana, Irving Belotti, Elena Terrenghi, and Andrea Silvestri.
In a statement, Dell’Orco highlighted the strength of the new Board, noting that combining long-time collaborators of Mr. Armani with respected industry professionals ensures continuity. “This represents the best guarantee for carrying forward and evolving Mr. Armani’s vision—his idea of beauty, his business model, and the ethical values he developed over 50 years,” he said.