Giorgio Busnelli is to step down as chairman of B&B Italia and leave the business, ending his family's link to the luxury furniture brand his father founded over 60 years ago.
Busnelli, 67, has been replaced by a new senior management team consisting of Gilberto Negrini, who was previously CEO of Italian furniture brand Kartell, and Gabriele del Torchio, CEO and president of parent group Design Holding.
Negrini will become CEO of B&B Italia and its Maxalto, Arclinea and Azucena brands, while Del Torchio will become chairman.
Busnelli decided to retire
The shakeup, described as a part of a "management development process," was announced today by Design Holding, the group formed last year when B&B Italia came together with Italian lighting brand Flos and Danish lighting firm Louis Poulson.
"The appointment of the new CEO is part of Design Holding and its subsidiaries' management development process, aimed at identifying high standing profiles capable of supporting and accelerating the growth of the new leading group in high-end design," Design Holding said.
"Giorgio left the company because he decided to retire," a spokesperson for the brand told Dezeen.
Busnelli led B&B Italia for decades
Busnelli is the son of Piero Ambrosio Busnelli, who founded the brand as C&B Italia in 1966. It changed its name to B&B Italia in 1972 following the departure of his business partner Cesare Cassina. Busnelli senior died in 2014 aged 87...