What: From 1 September, Stefano Della Valle will succeed Vittorio Radice at the helm of the European arm of Central Retail Corp.

Why is it important: Radice will take on the role of non-executive board member and he will continue to be involved in the company’s decision-making process, dealing with stakeholders and overseeing Central Group Europe’s new openings in Wien, Dusseldorf and Basel, as well as the transformations of the units in Zurich and Geneva.

Della Valle will take on the role of CEO of the retail company, which operates Rinascente in Italy, the KaDeWe Group in Germany, Magazine Zum Globus in Switzerland and Illum in Denmark.

After turning Selfridges around between 1996 and 2003, Radice joined Rinascente in 2005 as CEO. Della Valle first joined Rinascente in 2006 as CFO, and in 2017, he was promoted to the role of Central Group Europe COO. Before landing at Rinascente, he worked at Deloitte and covered several executive roles in the Prada Group across Italy and France.

Central Group Europe Promotes Stefano Della Valle as CEO