Diesel CEO Marco Agnolin exits

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Diesel CEO
// Diesel CEO Marco Agnolin will leave on March 28
// Agnolin joined Diesel in 2017 after 16 years at Inditex
// He will continue to serve on the board

Marco Agnolin has stepped down as chief executive of Diesel, with his last day slated for March 28.

Agnolin joined Diesel in December 2017 after serving 16 years at Inditex where he worked as general manager for Bershka.

Diesel said he would continue to serve on the board with the aim of completing the activities already planned.

Agnolin’s arrival at Diesel in 2017 came amid a full reorganisation of the Italian retailer, which takes 60 per cent of the total revenue of parent company OTB.

OTB concluded 2017 with a gross profit of €21.5 million (£18.3 million), compared to €5.1 million (£4.3 million) in 2016.

Meanwhile, Diesel has undergone a number of changes to its leadership team in recent years.

In October, Johnny Hewlett left his role as chief executive for Europe after working at the retailer for 10 years, while creative director Nicola Formichetti left at the end of 2017 after five years at the brand.

A successor for Agnolin has not yet been named.

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