Paolo Riva departs as CEO of Diane von Furstenberg
Paolo Riva has quit his role as Diane von Furstenberg’s first-ever chief executive officer after 18 months in the role.
Riva was hired in April 2015 after previously working as the vice president of apparel and visual merchandising for Tory Burch. He also served a stint at Salvatore Ferragamo.
Riva has now left Diane von Furstenberg to pursue other ventures, with his exit effective immediately.
"I would like to thank Paolo for his contribution to DVF," said von Furstenberg in a statement. "Our business strategy and Jonathan Saunders' vision for the brand remain in place. I am very excited about our future."
Scottish designer Saunders joined the brand as chief creative officer in May (16).
Of his departure, Riva said he was pleased with what he had achieved at the fashion house in the short time he had been there.
"I am proud of the contributions I have made to this iconic brand," he added.
Designer von Furstenberg confirmed that there were no plans to replace Riva, but rather fortify her board and bring in "high-level, quality people" in January (17).
"I'm very much involved, and my son (Alex, who is co-chairman) is very much involved, and we're planning this company for the legacy," she shared.
While she declined to comment on why Riva was departing his post, she was quick to praise his character.
"He’s a very nice man. He did the best he could, and I wish him the absolute best," she said.