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Sam Lobban Appointed CEO of Thom Browne; Rodrigo Bazan Stepping Down to Pursue Other Opportunities

New CEO will join in September

MILAN--(BUSINESS WIRE)-- Ermenegildo Zegna N.V. (NYSE:ZGN) (the 鈥淐ompany鈥� and, together with its consolidated subsidiaries, the 鈥淓rmenegildo Zegna Group鈥� or the 鈥淕roup鈥�) today announced that Rodrigo Bazan, Chief Executive Officer of Thom Browne, is stepping down from his role to pursue other opportunities, effective August 31, 2025. Sam Lobban will assume the role of Chief Executive Officer on September 2, 2025.

Rodrigo Bazan has led the Thom Browne brand since 2016. Under his leadership, along with the creative direction of Thom Browne, the company has grown to reach 鈧� 315 million in revenue in 2024, with 116⁽¹⁾ directly operated stores globally, becoming a symbol of modern luxury tailoring.

鈥�Rodrigo鈥檚 entrepreneurial vision, along with his pivotal role in Thom Browne鈥檚 defense of its intellectual property rights against Adidas, has been instrumental in protecting and reinforcing the brand鈥檚 authentic and unique identity", commented Gildo Zegna, Ermenegildo Zegna Group鈥檚 Chairman and CEO. "Under Rodrigo鈥檚 leadership, Thom Browne鈥檚 revenues have nearly tripled since our acquisition of the brand. We thank him for laying the foundation for future growth.鈥�

鈥�Over the past nine years, I have been working side by side with Rodrigo, and together we have developed Thom Browne from a niche brand into today鈥檚 luxury icon of modern tailoring鈥�, added Thom Browne, Chief Creative Officer and Founder. 鈥�I am profoundly grateful for his unwavering support and dedication throughout this extraordinary journey.鈥�

鈥�Leading Thom Browne over the past 9 years has been an extraordinary journey. I鈥檓 proud of what we鈥檝e built and grateful for the team鈥檚 support鈥�, said Rodrigo Bazan. 鈥�Working with Gildo Zegna and Thom Browne has been a true privilege. After thoughtful consideration, I鈥檝e decided to step down to focus on new opportunities, but I鈥檒l always remain connected and supportive of the brand鈥檚 future.鈥�

Currently serving as Executive Vice President and General Merchandising Manager for Apparel & Designer at Nordstrom, Sam Lobban is a British fashion executive and merchandising innovator. Sam began his career at Selfridges in London, later joining Mr. Porter as part of its founding team. At Nordstrom, he curated collaborations with leading brands, including Thom Browne. Sam is known for blending creative vision with strategic execution.

"I am pleased to welcome Sam, whose widely recognized customer-first mindset and innovative approach to merchandising will be most valuable to accelerate the retail-driven growth journey of the Thom Browne brand鈥�, said Gildo Zegna.

鈥�As we enter a new chapter in our journey, I am delighted to welcome Sam. His deep understanding of our brand鈥檚 distinctive DNA and his visionary approach make him the ideal partner to help shape the future of our brand鈥�, commented Thom Browne.

鈥�As a longstanding fan of the brand, I'm very excited to be joining Thom Browne鈥�, concluded Sam Lobban. 鈥�Having been a wholesale partner for so long, I've been fortunate enough to have a front row seat watching as they've built an incredible business celebrating Thom's creativity and his unique take on a modern wardrobe. I'm very much looking forward to being able to support the team to continue to grow and inspire customers.鈥�

About Ermenegildo Zegna Group

Founded in 1910 in Trivero, Italy, the Ermenegildo Zegna Group (NYSE:ZGN) is a global luxury company with a leading position in the high-end menswear business. Through its three complementary brands, the Group reaches a wide range of communities and market segments across the high-end fashion industry, from ZEGNA鈥檚 timeless luxury to the modern tailoring of Thom Browne, to luxury glamour with TOM FORD FASHION. The Ermenegildo Zegna Group is internationally recognized for its unique Filiera, owned and controlled by the Group, which is made up of the finest Italian textile producers fully integrated with unique luxury manufacturing capabilities, to ensure superior excellence, quality and innovation capacity. The Ermenegildo Zegna Group has more than 7,100 employees and recorded revenues of 鈧�1.95 billion in 2024.

⁽¹⁾ As of December 31, 2024

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Paola Durante, Chief of External Relations

Alice Poggioli, Investor Relations Director

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Source: Zegna Group