Jacopo Venturini, Valentino’s chief executive officer, is stepping down from the couture house. 

WWD reports that the label has reached a mutual agreement with Venturini to terminate his employment and board roles as the executive “has decided to take a break for personal reasons.”

Alessandro Michele will remain as Valentino’s creative director.

Valentino further states that a successor for Venturini “will be announced in due course.”

Venturini was named Valentino CEO in June 2020. He succeeded Stefano Sassi, who has been leading Valentino since 2006.