Donatella Versace. Photo: Getty Images
Di Risio joined the company in 2004, but WWD has been covering the possibility of a shakeup of the executive team since mid-May.
In fact, an earlier WWD article stated that there were strategic differences between the family-owned company. and its CEO. Guess they were right.
Italian fashion houses have seen a recent reshuffling of the executive position. Some even speculate that Di Risio could be a possible candidate for the CEO position at Roberto Cavalli.