Mariella Burani Fashion Group has announced that Gabriele Fontanesi will assume the role of chief executive officer there as of September 2009.

Giovanni Burani and Andrea Burani have resigned from their positions as directors of the board at the company, a statement said.

Giovanni Burani will assume the role of president and CEO of parent company Burani Designer Holding, while Andrea Burani will concentrate on operational management of the group, a statement said.

Fontanesi and Ettore Burani have also been nominated as directors to the board.

The company said its moves were part of a project to restructure its debt.

Fontanesi's recent experience includes being CFO and board member of luxury accomodation firm Starwood Hotels & Resorts' companies in Italy.