MILAN – Michele Melotti has been promoted to the position of Safilo Group chief monetary officer and supervisor accountable for the preparation of the corporate’s monetary paperwork, efficient Aug. 28.
He succeeds Gerd Graehsler, who, as reported final week, resigned from the Italian eyewear producer for a brand new alternative.
Graehsler’s exit, additionally on Aug. 28, was revealed on the finish of buying and selling on Friday in Milan, the place Safilo is publicly listed. Melotti’s nomination was introduced in the present day earlier than the opening of the Bourse. The modifications didn’t have an effect on the efficiency of shares, which inched up 0.7 p.c to 1.14 euros by mid-morning.
Melotti started his skilled profession in KPMG Advisory S.p.A. and joined Safilo in 2012. Throughout his 11 years with the corporate, he has assumed roles of accelerating duty inside finance and accounting. In 2016 he was appointed senior director, finance and accounting, Western Europe and world accounts – and in 2019 he was named to his present position of senior director, group controlling.
As reported, Safilo closed 2022 with gross sales surpassing the 1 billion euro threshold, two years forward of plan and concluding 4 years of turnaround, which contributed to a reworking of the Italian eyewear firm. Proprietary manufacturers represented an essential driving power behind the group’s total efficiency, specifically Smith, Carrera and Polaroid.
Safilo additionally produces eyewear collections beneath licensing agreements for manufacturers together with Tommy Hilfiger, David Beckham, Carolina Herrera, Chiara Ferragni, Isabel Marant, Jimmy Choo, Marc Jacobs, Missoni and Moschino.
Angelo Trocchia has been helming Safilo as chief govt officer since February 2018. He was beforehand chairman and CEO of Unilever Italia and he has been main the corporate by main modifications, after the decamping of the important thing Gucci license to Kering Eyewear and of the Fendi and Dior licenses to Thélios.
Safilo first-half outcomes can be launched on Aug. 2.
