CEO of specialty apparel chain out

The fashion retailer known for its bold, colorful designs is losing its chief executive.



Benetton Group’s Marco Airoldi will resign as of May 16. The board accepted his resignation on Tuesday.



Airoldi joined the company in 2013 – first as a consultant, then as CEO and managing director. During his tenure, he has contributed to the definition and subsequent launch of the company’s refocus and relaunch plan, which targets a selection of markets, stores and the Benetton Group brands.



Board chairman, Francesco Gori will have power over core staff matters, according to the retailer.



Benetton also appointed Tommaso Bruso’ as COO. Bruso’, who is currently CEO of North America at Diesel, started his career at Benetton Group, first in Italy and then in the U.S. He has also been CEO for North America at Fedon and Furla.