Versace is taking its time when it comes to find a successor to CEO Jonathan Akeroyd. In his place, in fact, it has appointed ad interim Cedric Wilmotte, who will hold the position from January 17 to December 31, 2022. Akeroyd, on the other hand, will leave the brand controlled by Capri Holdings on March 31, 2022, to move to Burberry. Wilmotte currently holds the role of president of EMEA at Michael Kors, and is a veteran of the American group. This will allow Versace to maintain management continuity and give it time to identify a new CEO.
Versace takes its time
An internal solution, therefore, for Capri Holdings, which had to deal with the departure of Versace’s CEO Jonathan Akeroyd, who will be at Burberry from April 1, 2022. His temporary replacement, Cedric Wilmotte, will have the task, until the end of 2022, of developing Versace’s strategic initiatives. In parallel, Capri Holdings will continue its search for a new CEO.
“Cedric has done an outstanding job leading the Michael Kors brand in the EMEA region. I am confident that Versace will be able to continue to develop its growth strategy and invest in the brand’s incredible momentum”, says John D. Idol, CEO of Capri Holdings, in a press note. It should be noted that Idol will also be stepping down in September 2022, passing the baton to Joshua Schulman, current CEO at Michael Kors.