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Prada charts line of business succession, tapping new CEO

FILE - Prada group president and Ceo Patrizio Bertelli and Luxottica Ceo Andrea Guerra smile during a meeting in Milan, Italy, Nov. 30, 2005. The Prada fashion house began charting a line of succession on its business side, announcing Tuesday, Dec. 6, 2022 that it is tapping a former LVMH executive as its next CEO, while confirming that Miuccia Prada will continue in her creative roles. Andrea Guerra is set to be confirmed by the board next month as the new CEO, succeeding Patrizio Bertelli, who will remain on as chairman. (AP Photo/Luca Bruno, file) FILE - Miuccia Prada, left, and Raf Simons depart after the Prada Fall/Winter 2022-2023 fashion collection, unveiled during the Fashion Week in Milan, Italy, Thursday, Feb. 24, 2022. The Prada fashion house began charting a line of succession on its business side, announcing Tuesday, Dec. 6, 2022 that it is tapping a former LVMH executive as its next CEO, while confirming that Miuccia Prada will continue in her creative roles. Andrea Guerra is set to be confirmed by the board next month as the new CEO, succeeding Patrizio Bertelli, who will remain on as chairman. (AP Photo/Luca Bruno, file)