This announcement is made only a month after Ferragamo announced that its creative director Massimiliano Giornetti had stepped down.

Michele Norsa, who was previously CEO at Italian fashion designer Valentino, joined Ferragamo as CEO in 2006 and led the company during its 2011 stock market listing.
"Norsa has expressed the wish to priorities family and to focus on new professional interests after a long period of intense efforts and rewarding results", the company announced.

Mr. Norsa will continue to work with the Florence-based company in a non-executive role until the shareholders' meeting to approve its 2017 results.