Italian luxury outerwear group Moncler confirmed on Tuesday that chief executive Remo Ruffini will step down on April 1, with Bartolomeo Rongone, currently leading Bottega Veneta, set to replace him.

Ruffini, Moncler’s main shareholder, will retain the role of chairman with executive powers and maintain oversight of creative direction, continuing to influence the group’s strategic decisions.

Succession Plans and Strategy

Ruffini said the decision is “forward-looking … also in view of a possible generational succession in the future.”

He has two sons: Pietro, who runs the family’s investment firm Archive, and Romeo, chief business officer at Stone Island, a Moncler-affiliated brand.

“We … decided to strengthen our structure to consolidate what we have built and to best support a new phase of development,” Ruffini said.

Rongone, leading Bottega Veneta since 2019, will leave his current post on March 31, with Kering confirming a search for his successor is underway.

Career Highlights of Rongone

Before Bottega Veneta, Rongone served as Chief Operating Officer at Yves Saint Laurent.

He also spent a decade at Fendi, part of the LVMH group, before joining Kering in 2012.

Moncler listed publicly on the Milan bourse in 2013 after Ruffini acquired the company in 2003.

He currently holds 18.2% of Moncler via a vehicle called Double R, with LVMH purchasing a 10% stake in Double R in 2024.

Board Changes

Moncler also announced that Chief Business and Global Market Officer Roberto Eggs will step down but remain on the board as a non-executive director.

Ruffini’s continued role ensures that Moncler’s creative and strategic direction remains consistent during the transition.