Ermenegildo Zegna has announced a major leadership transition as the luxury menswear group strengthens its governance structure with the support of long-standing investors Investindustrial and Temasek.

Chief Executive Gildo Zegna will move into the role of executive chairman, while his sons, Edoardo and Angelo, will take over as co-chief executives of the flagship Zegna brand, which sits alongside Thom Browne and Tom Ford Fashion within the group.

The company has appointed current finance chief Gianluca Tagliabue as group CEO, effective 1 January. Tagliabue has served as CFO for nearly a decade. Gian Franco Santhià, currently group controller and chief accounting officer, will become group CFO.

Edoardo Zegna serves as chief marketing officer and group sustainability officer. Angelo Zegna is CEO of the brand’s EMEA region and global client strategy director. Gildo Zegna said they “continue the family legacy and have demonstrated their business leadership over the past years,” adding that he will act as a custodian of the brand’s vision and values.

Founded in 1910 in Trivero as a fabric maker, the company has grown into a listed luxury group with a market capitalisation of $2.6bn. The Zegna family owns 60% of the company, representing around 75% of voting rights.

Private equity firm Investindustrial holds an 11% stake, while Singapore’s state investor Temasek increased its shareholding to 10% earlier this year. Their backing has supported Zegna’s scale-up following its 2021 listing.

The leadership reshuffle marks the group’s next phase as it accelerates global expansion and strengthens brand governance under a new generation of family management.

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