Prada restructuring

The board members of Prada Holding NV, the Dutch holding company of the Italian luxury goods retailer, the Prada Group, met yesterday to approve the Group's new organisational structure.

Carlo Mazzi will join the board to oversee finance, administration and control, legal matters, human resources and IT. Furthermore, Donatello Galli will join as director of adminstration and finance for the Prada Group, effective December. Tomaso Galli has been appointed director of communications and external relations for the Prada Group, effective January 2005. Galli was previously head of corporate communicatons for Gucci. He will replace Giacomo Ovidi, who has moved on to become managing director of a new company that oversees the development of the Luna Rossa brand through partnership with the Telecom Italia Group.