Prada appoints former Kering exec as Miu Miu CEO

Prada taps former Kering exec as Miu Miu’s CEO. The Italian luxury company has appointed Benedetta Petruzzo as the new CEO of the brand, according to Pambianco . The new executive will relieve María Cristina Lomanto in office. 

Petruzzo previously served as executive vice president of the French Kering conglomerate in the United States, a position he held since April 2019 after having spent five year in the company and holding different management positions. Previously, the executive also worked as a consultant at Bain & Company. 

Prada, which will publish the results of its 2019 exercise in March, ended 2018 with a 10% drop in in its net income, up to 324 million euros (356 million dollars). On the other hand, the revenue of the group saw a positive evolution with an increase of 2.8%, to 3.1 billion euros (3.5 billion dollars).