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Yoox hires chief financial officer following Net-a-Porter deal

Italian etailer Yoox has appointed Luxottica co-chief executive Enrico Cavatorta as its chief financial and corporate officer, effective April 27.

It marks the first major people move for Yoox since the merger deal with London-based rival Net-a-Porter was unveiled last month.

Cavatorta replaces Francesco Guidotti, who stepped down as chief financial officer on April 13 and will report to Yoox founder and chief executive of the newly formed Yoox Net-a-Porter Group Federico Marchetti.

His duties will include overseeing administration, finance and control, corporate development and investor relations, legal and corporate affairs, risk management and compliance, as well as general services.

Cavatorta spent 15 years at eyewear company Luxottica, owner of Ray-Ban and Oakley sunglasses, joining in 1999 as chief financial officer before taking on the role of general manager in 2011 and then co-chief executive in 2014.

Following a consultation with all shareholders in June, Yoox’s Marchetti will become chief executive of both businesses, while Net-A-Porter founder Natalie Massenet will become executive chairman.

Yesterday Mr Porter, part of the Net-A-Porter stable of brands, announced it is to welcome back its former editor Jeremy Langmead as brand and content director.

@LukeToddUK

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