PADUA, Italy— Safilo Group (SFLG.MI) has announced the appointment of Gerd Graehsler, currently director of new business development and corporate strategy, as the new group chief financial officer, effective Dec. 1, 2014. Vincenzo Giannelli, current CFO, will leave his post effective Nov. 30, 2014 after four years.

"We are delighted to count on Gerd as our new CFO,” said Luisa Delgado, CEO of Safilo Group. “He will seamlessly transition both into the new role from within the company, and lead Safilo's strong finance organization, while bringing skills and experiences from an international career in business, finance and accounting to the role as we proceed with Safilo’s transformation.

“On behalf of the organization and the board of directors, we thank Vincenzo for his leadership and for the professionalism and integrity with which he has acted in his role with a strong business orientation, and wish him excellent continued success for the future,” she concluded.