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Sofisti Leaves Gucci Watches & Jewelry Division

Dec 3, 2014 3:14 AM   By Ronen Shnidman
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RAPAPORT... The CEO of Gucci's watches and jewelry division, Michele Sofisti,  left the company to pursue other personal and professional opportunities, Gucci announced to the Italian press. 

Patrizio di Marco, Gucci's president and CEO, will serve as interim head of the watch and jewelry division, while the company expects to name a permanent replacement for Sofisti shortly.

"Michele was truly the mastermind of Gucci's turnaround and expansion in watches," di Marco said. "The credit for the division's success belongs solely to him and the great team he has built there."

Sofisti, an expert in haute horlogerie, first joined Gucci's watch division in 2009 as a strategic adviser. He was appointed division CEO in 2010, before being named CEO of the Sowind Group in 2011. Both the Sowind Group and Gucci are owned by luxury retail giant Kering.

In July, Kering announced a group reorganization that would require each of its subsidiaries to have a dedicated full-time CEO. Following that decision, Sofisti resigned his position as CEO of Sowind Group to focus on his efforts as CEO of Gucci's watches and jewelry division.

Tags: gucci, Jewelry, kering, Ronen Shnidman, Sofisti, Sowind Group
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