Luxury fashion house Salvatore Ferragamo has appointed Pierre La Tour as its new Group CFO, effective March 18, 2024. This marks a bold move for the Italian label, as La Tour brings a wealth of financial expertise from outside the fashion industry.
La Tour boasts an impressive career spanning non-profit, finance, and manufacturing sectors. He began his journey in microfinance with the Aga Khan Foundation, then transitioned to Société Générale and ultimately landed at FIAT.
His climb through the ranks at FIAT culminated in his appointment as CFO China for CNH Industrial, a subsidiary focused on agricultural and construction machinery. La Tour's most recent role was as CFO of Biesse, an industrial equipment supplier, where he honed his skills in financial reporting and investor relations.
Ferragamo, currently led by CEO Marco Gobbetti, is in the midst of a transformation. La Tour's diverse background and strategic responsibilities, encompassing administration, finance, control, and investor relations, suggest a desire to inject fresh perspectives into the company's financial operations. This aligns with the appointment of Maximilian Davis as creative director in March 2022, another move signaling a shift towards a new era for the brand.
La Tour financial acumen and strategic insights could help Ferragamo navigate the competitive landscape and achieve its financial goals.
