The Inside Man: Mark Lee Moves From YSL to Gucci Brand

Mark Lee, who spearheaded a radical overhaul at Yves Saint Laurent, will succeed Giacomo Santucci as president and managing director of Gucci.

Industry sources agreed Gucci Group is likely to have to look beyond YSL to find Lee’s successor, and that the search would likely be a lengthy one.

Meanwhile, an upbeat mood prevailed at Gucci, given that Lee is already a known and respected commodity to many inside the company, including top regional managers in America, Japan and Asia.

“Mark is an insider, he’s from the luxury business and everyone knows him,” said one employee, who also praised Polet for decisive action in the face of Santucci’s sudden exit.

A union source at Gucci’s plant in Scandicci, Italy, agreed Lee made a good impression from past dealings. He added that Polet is slated to speak to all employees today to outline strategy going forward.

— With contributions from Alessandra Ilari and Amanda Kaiser, Milan and Samantha Conti, London
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