Gucci president Giacomo Santucci has announced he will stay with the luxury brand despite the impending departure of CEO Domenico De Sole and head designer Tom Ford.

The 47-year-old, a former Prada executive, made the announcement on Friday despite growing uncertainty in the Gucci camp, which has seen top executives Mark Lee and Patrizio Di Marco leave their futures at the company in limbo until the arrival of a new chief executive.

Santucci said he remained enthusiastic about Gucci's future and had "incredible trust" in parent company Pinault Printemps-Redoute (PPR).

According to French magazine L'Expansion, Santucci is one of the most frequently mentioned candidates to succeed De Sole as Gucci CEO.

Others include Alain Dominique Perrin of luxury brand Richemont, Rose Marie Bravo of fashion house Burberry and Vittorio Radice of Selfridges department stores, although the latter pair have said they are not interested in the job.