Jacopo Venturini, CEO, Valentino, has resigned from his position in the company, as per a report by Women's Wear Daily. Valentino and Venturini reached a mutual decision to end his association with the company, citing personal reasons on Venturini's part.
The announcement comes months after it was disclosed that Venturini was on sick leave, amid rumors of his impending departure due to the brand's financial struggles last year.
Meanwhile, the company's creative direction remains stable with Alessandro Michele continuing in his role as creative director. A recent addition from Gucci, Michele is expected to steer Valentino through its current challenges, noted sources familiar with the company's internal affairs.
