News is in that Jonathan Akeroyd, former CEO at Alexander McQueen, will be taking over from Gian Giacomo Ferraris as the new CEO at Versace SpA.

Having worked for McQueen for over 12 years, it was announced earlier this month that Akeroyd would be stepping down in place of Emmanuel Gintzburger and we have been awaiting news of his next move since. It is expected that he will start his new role in mid-June, however it is unclear whether he will be relocating to Milan from the UK for the job.

Ferraris took the helm at Versace back in 2009, turning the company around when the fashion house was recovering from a brush with bankruptcy, so his departure comes as a surprise to many. A source close to the Versace family suggested that the change is part of a “new chapter” for the company, for which they want a new pair of hands and a fresh approach.

Speaking of his new appointment, Akeroyd said:

“Versace is an iconic lifestyle brand recognised globally as a premier name in luxury. I look forward to implementing a long-term business strategy that supports the visionary and creative direction of Donatella Versace and her team.”

Donatella Versace, vice president and artistic director also commented, stating that Akeroyd:

“brings a proven track record in building global brands, steering growth and driving strategic development. Jonathan Akeroyd’s industry expertise and vision will be key to advancing the next phase of Versace’s development.”