(Alliance News) - Salvatore Ferragamo Spa announced Monday that it has appointed di Pierre La Tour to Group CFO, effective March 18, 2024.

La Tour was also designated by the company's board of directors as an executive with strategic responsibilities, due to the prerogatives and tasks assigned to him related to the Administration, Finance, Control and Investor Relations areas.

With a consolidated managerial experience of an international nature gained mainly in listed companies, La Tour leaves the position of Group Chief Financial Officer and Investor Relator at Biesse Group Spa.

A graduate in economics from the University of Geneva, Switzerland, Pierre La Tour began his career in the nonprofit sector for the Aga Khan Foundation, working on microfinance, both centrally in Geneva and in the field in Pakistan and India. After an experience in Asia with Société Générale SA, he joined the Fiat Group in 1997, where he held various positions in group companies with increasing responsibilities.

He was appointed CFO for Iveco Defence Vehicles in 2008 and then, in 2014, took on the role of CFO for the Specialty Vehicles business unit created within CNH Industrial NV. In 2015, he was called to serve as CFO China for CNH Industrial, based in Shanghai, where he led a major turnaround by rationalizing and consolidating corporate structures and managing negotiating relationships within joint ventures, a role he ceased in 2019 to join Biesse, a company listed on the Milan Stock Exchange, as Group Chief Financial Officer and Investor Relator.

"I am delighted to welcome Pierre La Tour to our team," commented Marco Gobbetti, chief executive officer and general manager of Salvatore Ferragamo. "I am sure that his international profile and diversified experience will be a great added value for our group.

Salvatore Ferragamo's stock closed Monday up 0.8 percent to EUR10.64 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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