Victoria Beckham Ltd has announced that Paolo Riva has stepped down from his role as CEO. He will leave the company ‘for personal reasons, with immediate effect.’
The move will mean that the company’s chairman Ralph Toledano ‘will lead the business going forward.’ Toledano joined the group as part of a new structure in partnership with NEO investment last year.
Toledano praised Riva and said that “it has been a real pleasure working with Paolo, and on behalf of the board, I would like to thank him for his contribution. I look forward to continuing to drive and implement the strategy for the brand with Victoria and the team.”
