MILAN – Fabrizio Freda has a brand new dedication.
Ferragamo Finanziaria S.p.A., the holding firm of the Ferragamo household and the controlling shareholder of Salvatore Ferragamo S.p.A., has appointed Freda as particular strategic advisor.
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Diego di San Giuliano, chairman of Ferragamo Finanziaria, touted Freda as “a supervisor of acknowledged worldwide standing, whose expertise will symbolize an vital contribution to our medium – to long-term strategic reflections and to strengthening the entrepreneurial position of our household.”
This step might be seen as dispelling ongoing rumors that the Ferragamo household is trying to promote the corporate.
Di San Giuliano added that the appointment “is a part of a broader effort to strengthen the holding firm, with the purpose of finest supporting the event and worth creation of all our actions, additional consolidating the trail already undertaken by the administration workforce of Salvatore Ferragamo over the previous 12 months.”
Freda is tasked with contributing to strategic selections, together with the collection of the longer term chief govt officer of the Florence-based trend model, and the strengthening of the construction and operations of the Ferragamo Group in addition to the household’s different companies, which vary from hospitality to actual property.
He’s seen as presumably additionally serving as a member of the board of the style group. “The main target of the collaboration is on creating worth within the medium to long run and strengthening the trail undertaken in alignment with the group’s core values,” acknowledged Ferragamo.
Freda retired from his position of president and CEO of The Estée Lauder Firms in December 2024, having joined the group in 2009. Beforehand, he held roles of accelerating accountability for roughly 20 years at Procter & Gamble. Estée Lauder loved a few years of success underneath Freda, using the wave of the Chinese language magnificence increase, in addition to a deal with hero merchandise. He additionally oversaw numerous excessive profile acquisitions like Deciem and Tom Ford.
Amongst different positions, he’s now a member of the board of asset administration firm BlackRock.
“I thank the Ferragamo household for his or her belief and imagine that this collaboration will generate vital alternatives for worth creation,” mentioned Freda. “I’m able to make my expertise and expertise obtainable to help Ferragamo Finanziaria and the household of their strategic selections, strengthening the trail already undertaken with a spirit of collaboration and a global outlook, all the time with the precedence of enhancing the group’s companies.”
