Valentino's US CEO Sandra Jovicic departs

Valentino's US CEO Sandra Jovicic, has exited the company, a spokesperson for the label confirmed to FashionNetwork.com on Monday. A successor has yet to be announced. 


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Valentino - Fall-Winter 2018 - Haute Couture - Paris - © PixelFormula

Jovicic occupied her position as CEO with the Italian brand since July of 2017. Previous to her experience at Valentino, she served as president of Italian lifestyle brand Moncler in New York from 2012 to 2017, as a consultant at Cacci & Co. Advisors, and held executive roles at Tommy Hilfiger and Bottega Veneta, according to her LinkedIn page. 

Valentino announced plans to put more that 25 percent of its company up for sale in late 2017. Currently, the brand is owned by Quatari investment vehicle Mayhoola, who bought the luxury brand from private equity firm Permira in 2012. The current CEO of the Valentino Fashion Group is Stefano Sassi, who joined the brand in 2006. 

 In 2016, Valentino's creative director Maria Grazia Chiuri left the label after 17 years of service. Her long-time collaborator Pierpaolo Piccioli serves as the current creative director. 

 

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