Michele has been at the creative helm of the luxury brand since 2015, and “played a fundamental part in making the brand what it is today through his groundbreaking creativity”, parent company Kering said.
François-Henri Pinault, Chairman & CEO of Kering, said: “The road that Gucci and Alessandro walked together over the past years is unique and will remain as an outstanding moment in the history of the House.
“I am grateful to Alessandro for bringing so much of himself in this adventure. His passion, his imagination, his ingenuity and his culture put Gucci centre stage, where its place is. I wish him a great next chapter in his creative journey.”