Lanvin Group, parent company of Anaheim’s St. John Knits, on Monday appointed Xi Luo as its new chief financial officer, effective June 1.
Luo takes over for Andy Lew, Lanvin’s current executive president who was also working as interim CFO. Lew was previously the global CEO of St. John.
Shares of retail operator Lanvin jumped 8.7% to $1.63 apiece with a $228 million market cap (NYSE: LANV).
Luo counts more than 20 years of financial experience, previously working as CFO of Fosun Capital and holding leadership positions at Shiheng, We Doctor and Alibaba Group’s Cainiao Network. At the beginning of his career, he also worked at KPMG in the U.K., China and the U.S.
“His deep experience across finance, investment and capital markets, combined with his global perspective, will further strengthen our organization and help advance the Group’s long-term strategic priorities,” Chairman Zhen Huang said in a statement.
