MILAN — Italian luxury design conglomerate Flos B&B Italia Group, which is said to be in the throes of a major phase of restructuring, on Wednesday saw its third major executive change in a year.

WWD has learned that Gianni Fortuna, grandson of Arclinea’s founder, stepped down as the chief executive officer of the upscale kitchen company known worldwide for its modern designs. Angelo Monaco, who joined Arclinea in 2018 as sales director, will take Fortuna’s place with “immediate effect,” according to a statement seen by WWD.

“I congratulate Angelo on reaching this significant professional milestone. His thorough understanding of the sector and the experience he has acquired over the years within the company will guide Arclinea towards new challenges and opportunities,” said B&B Italia Group CEO Demetrio Apolloni.

The firm added that Monaco will lead Arclinea through a “phase of strengthening and expansion, enhancing synergies with the other B&B Italia Group iconic brands,” which include design furniture firms Maxalto and Azucena.

B&B Italia Group acquired Arclinea in 2016. B&B Italia Group is a key firm within the Flos B&B Italia Group, formerly known as Design Holding.

In January, it was announced that former Flos CEO Piero Gandini was appointed executive chairman of Flos B&B Italia Group, after veteran luxury executive Daniel Lalonde stepped down. Lighting company Flos also saw its CEO Roberta Silva depart in 2024.

In addition to Arclinea, Flos and luxury furniture brand B&B Italia Group and its brands, Flos B&B Italia owns Danish lighting brand Louis Poulsen, Denmark-based furniture firm Audo Copenhagen and design furniture and e-commerce player Lumens.

Sources close to the situation told WWD in February that Lalonde parted ways with the company after disagreements on restructuring plans. Sources also said the group has entertained informal offers from other groups for its furniture brands. Haworth, which is home to top European furniture and home firms Poltrona Frau, Cassina, Cappellini and Zanotta, was named as an interested buyer. Funds Investindustrial and the Carlyle Group formed Design Holding in 2018. The funds’ potential move to sell off the furniture division has been widely viewed as an expected outcome by industry watchers.

Arclinea was started in Caldogno, Italy, in 1925 by Fortuna’s grandfather, Silvio Fortuna Sr. In 1986, Arclinea began collaborating with designer and architect Antonio Citterio, who continues to envisage their “architecture for living” to this day. During Milan Design Week in April, Fortuna honored his family’s legacy and feted the firm’s centennial with a new book lensed by French photographer Amélie Ambroise. Ambroise’s photos went on sale to fund tuition at University of Gastronomic Sciences in Pollenzo, Italy.

For the third generation, 2025 marked an emotional milestone. “It is a deeply personal journey. It is a moment of reflection on the path taken on the values that have guided us, and on the people who have contributed to shaping Arclinea over time. There is a sense of responsibility in carrying forward a story that began generations ago, with my grandfather, built on passion, dedication and a deep connection to our origins,” Fortuna said at the time.

In terms of retail, Arclinea has recently opened stores in Los Angeles, Miami, Washington and Boston, together with B&B Italia. Fortuna, who has held senior roles at Arclinea for more than 30 years, was key in driving the family-run firm’s international growth.

“On behalf of the group and its shareholders, I would like to thank Gianni for his vision, passion and commitment, which have established Arclinea as a benchmark on the international scene. We wish him the best in his future endeavors, as Arclinea prepares for a new phase of growth,” Apolloni said.