The latest designer to become CEO of her own company is none other than Miuccia Prada, who will join her husband, current CEO Patrizio Bertelli, in a co-CEO role.
The decision is actually a relinquishing of power for the feminist designer and co-founder: She was previously Chairperson of the board — a position she’d held since 2003. She’ll be replaced by former deputy chairman Carlo Mazzi.
According to a statement from the company, Prada “will concentrate on the day-to-day management of the business by devoting her time to guiding the further development of the Group, mainly in the creative design and brands communication activities.”
It sounds like Prada’s actual role and level of power won’t change dramatically, and she’ll simply be getting more involved with communications and day-to-day decisions. “[The appointment] is a natural extension of the role she has already played in the group’s development and will be beneficial to the group’s long-term growth and progress,” said the company.
The news follows a successful year for Prada. On Wednesday, the company posted a nine percent increase in revenue for the fiscal year that ended Jan. 31, during which the company opened a whopping 79 new stores (including Prada, Miu Miu, Church’s and Car Shoe, all of which Prada Group owns).
So, Happy Valentine’s Day to Miuccia and Patrizio, who are now perhaps officially fashion’s most badass power couple.