Prada Group has recently made significant changes to its board of directors, reflecting the company’s commitment to effective governance and strategic decision-making. Paolo Zannoni has been appointed as the executive vice-chairman, while Yoël Zaoui has assumed the position of lead independent director.
Zannoni, who previously served as the board chairman, will now take on the role of executive vice-chairman, in addition to remaining an executive director and a member of the group’s compensation committee. With an extensive background in finance, including a long career at Goldman Sachs and previous positions at Fiat and Yale University, Zannoni brings a wealth of experience to his new role.
Zaoui, on the other hand, will continue as an independent non-executive director and chairman of the oversight and risk committee. As the co-founder of merger and acquisition consulting firm Zaoui & Co, Zaoui also has a strong background in finance, with previous experience at Goldman Sachs and Arthur Andersen.
These changes in the board of directors come after the appointment of Andrea Guerra as CEO and executive director of Prada Group. Patrizio Bertelli and Miuccia Prada Bianchi, who were previously in charge of the group, will now serve as board chairman and executive director, respectively.
The board of directors also includes Lorenzo Bertelli, the eldest son of Patrizio Bertelli and Miuccia Prada, who is expected to succeed Guerra in the future. Additionally, Andrea Bonini, the group’s CFO, is part of the board.
To further enhance the expertise and diversity within the board, four independent non-executive directors have been appointed: Yoël Zaoui, Marina Sylvia Caprotti, Maurizio Cereda, and recently co-opted members Pamela Culpepper and Anna Maria Rugarli. Culpepper brings expertise in HR, while Rugarli offers knowledge in CSR.
With these changes, Prada Group’s board of directors now consists of 11 members, all bringing unique skills and experience to guide the company’s future direction. These restructuring efforts highlight the company’s commitment to effective governance and strategic decision-making.
As Prada Group continues to navigate the ever-evolving fashion industry, the new appointments and changes within the board of directors are expected to contribute to the company’s ongoing success and growth.
Useful links:
1. Prada Group Corporate Governance
2. Prada Group Company Overview
