MAGGIO EXITS : More changes are taking place at the Elisabetta Franchi fashion company.

Chief executive officer Gabriele Maggio has exited the brand’s parent company Betty Blue SpA, based in Granarolo Emilia, a town outside Bologna.

“The decision, taken exclusively in the best interest of the company, aims to ensure management continuity, proper operational efficiency, and the future strategic development of the business,” read a brief statement issued on Monday. No mention was made of a successor.

Maggio’s departure comes on the heels of Marco Bizzarri ’s divestiture of his stake in the company in July and his own exit, resigning as chairman at the end of September. The namesake designer of the brand succeeded Bizzarri in that role, as reported.

Maggio joined Elisabetta Franchi

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