Cedric Wilmotte has been named interim chief executive officer of Versace, effective Jan. 17, 2022.
He will report to John D. Idol, chairman and CEO of Capri Holdings.
Wilmotte will serve as the interim CEO through Dec. 31, 2022, during which time he will partner closely with Donatella Versace, chief creative officer, and the leadership team to continue executing the brand’s strategic initiatives.
Capri Holdings will continue to conduct a search for a permanent successor for Jonathan Akeroyd, departing CEO of Versace, who will leave the brand on March 31, 2022, to become CEO of Burberry.
As reported last month, Akeroyd is succeeding Marco Gobbetti, who was named CEO of Salvatore Ferragamo earlier this year. Akeroyd will join Burberry on April 1, 2022.
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Wilmotte has had a 13-year tenure with Michael Kors as the president of the EMEA region. Prior to joining Michael Kors in 2008, Wilmotte held leadership roles with Marc Jacobs in Paris from 2004 to 2008 and Donna Karan in New York, London and Milan from 1998 to 2004.
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“I am thrilled to have Cedric in this role as he has an exceptional breadth of luxury retail expertise. Cedric did an outstanding job leading the Michael Kors brand in EMEA. I am confident that under his leadership, Versace will be able to continue to execute on its growth strategy and build upon the brand’s incredible momentum,” Idol said in a statement.
As reported, Joshua Schulman, CEO of the Michael Kors brand, will succeed Idol in September 2022 as CEO of Capri.
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