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The Independent UK

National

Colleen Barry

Prada charts line of business succession, tapping new CEO

Miuccia Prada Lorenzo Bertelli Patrizio Bertelli LVMH Andrea Guerra Prada Group Raf Simons Luxottica Miu Miu

Copyright 2021 The Associated Press. All rights reserved

The Prada fashion house began charting a line of succession on its business side, announcing Tuesday that it is tapping a former LVMH executive as its next CEO and confirming that Miuccia Prada will continue in her creative roles.

Andrea Guerra is set to be confirmed by the board next month as the new CEO, succeeding Patrizio Bertelli, who will stay on as chairman. The move is intended as a step toward ultimately handing the reins of Prada Group to Bertelli and Miuccia Prada’s son, Lorenzo Bertelli. The younger Bertelli now oversees digital marketing and sustainability.

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