MILAN (Reuters) -Italian luxury group Ermenegildo Zegna on Monday named current CFO Gianluca Tagliabue as its new chief executive, while current CEO Gildo Zegna will become executive chairman, as the family-owned group prepares for a generational handover.
The company also named Edoardo and Angelo Zegna, sons of Gildo and members of the fourth generation of the controlling shareholder family, as co-chief executive officers of the Zegna brand, according to a statement.
The Zegna family currently owns 60% of the group, which is listed in New York, corresponding to roughly 75% of the voting rights.
Private equity firm Investindustrial holds an 11% stake, while Singapore’s state investment firm Temasek earlier this year increased its stake to 10%.
(Reporting by Elisa Anzolin in Milan and Juveria Tabassum in Bengaluru; Editing by Kirsten Donovan)
