Italian fashion house Salvatore Ferragamo has named Michele Norsa, the former CEO of the Valentino Fashion Group, as its new chief executive.

Mr Norsa will replace Ferruccio Ferragamo who is to become chairman of the fashion house's parent company, Salvatore Ferragamo Italia SpA. He will take up the post in October.

Mr Norsa is the first non-family member to lead the company and his appointment comes ahead of a planned initial public offering.