MILAN — The Salvatore Ferragamo Group is seeing changes in the Americas, as Donald Kohler will be exiting the company, WWD has learned.
Asked to comment, Ferragamo confirmed Kohler was leaving to pursue another professional experience at the end of his contract, but did not provide a specific time frame, while adding that the company has given a mandate to an executive search firm to seek a successor. The Florence-based group CEO Micaela le Divelec Lemmi will take on Kohler’s role ad interim.Kohler started his career in 1990 at Macy’s, in the executive training program, working both in stores and in the buying office.
Ferragamo’s general shareholders meeting will approve a new board on April 22, selecting the chairman and CEO, Norsa observed during a call with analysts earlier this month, commenting on year-end profitability and revenues. “This is the normal process, going on in continuity and harmony, that is what we can say now,” he noted then. He also pointed to “a positive mood,” expressing his hope the evolution of the board will reinforce the company.
In the 12 months ended Dec. 31, revenues fell 33.5 percent to 916 million euros, compared with 1.37 billion euros in 2020, but Ferragamo reported a progressive improvement in the second half.