MILAN — Tod’s Group has appointed Marco Felci chief executive officer, Americas.

He succeeds Roberto Lorenzini, who, as reported, is stepping down in mutual agreement with the owners of the Italian group, the Della Valle family.

Felci joins Tod’s from Dolce & Gabbana, where he held the role of executive vice president, commercial.

Felci brings to the Italian group more than 20 years of experience in the luxury and fashion industry, with a strong focus on the American market.

He began his career at Hermès in Italy before moving to the United States, where he held senior leadership roles at Loro Piana, Lanvin and Versace, and later served as CEO Americas at Etro.

“I am truly honored to join Tod’s Group, a company that represents Italian excellence and craftsmanship worldwide,” said Felci in a statement. “I look forward to working closely with the team to further strengthen the Group’s presence and growth in the Americas, building on the strong foundation already in place.”

Lorenzini joined the group in January 2012, overseeing the Tod’s, Roger Vivier and Fay brands and succeeding Marco Giacometti, who was appointed global manager of e-commerce for Tod’s Group.

As per the latest figures available, before the group delisted from the Italian Stock Exchange, in 2023 revenues in the Americas amounted to 85 million euros, up 3.5 percent on 2022. This represented 7.6 percent of total sales of 1.12 billion euros.

In September last year, John Galantic, previously president and chief operating officer of Chanel Inc., was named Tod’s Group CEO.

Diego Della Valle, who held this role before, remained chairman and his brother Andrea vice chairman.