Lanvin Group announced on Friday the appointment of Jiyang Han to the role as chief financial officer, effective November 1. 

In this role, Han will oversee the luxury group’s financial planning and analysis, accounting and controllership, financial management, treasury, investment and financing projects, and investor relations. 

With some two decades of experience in corporate finance, investment banking, and global business management, the executive joins Lanvin from Yuyuan, where he served as co-CIO and assistant president.

Prior to that, he was the M&A and strategy leader, Greater China at 3M Company, after leading Ivory Capital’s Investment Banking team in Greater China, from 2011 to 2019. Earlier in his career, he worked as CPA and senior consultant at Ernst & Young China.

“We are delighted to welcome Jiyang to Lanvin Group’s executive leadership team,” said Huang.

“His extensive experience in financial strategy, global M&A, and capital market will be invaluable as we continue to strengthen our financial discipline and support the group’s growth ambitions worldwide. His appointment reflects our continued commitment to building a strong, future-ready organization.”

Han succeeds David Chan, whose previously announced planned departure will take effect on October 27.

“I am honored to join Lanvin Group at such a pivotal moment in its journey,” said Han.

“The group’s vision, global brand portfolio, and commitment to sustainable value creation are truly inspiring. I look forward to working closely with the leadership team to further enhance our financial capabilities and drive long-term growth for our shareholders and partners.”

Chinese-owned Lanvin Group owns its eponymous brand as well as Wolford, Sergio Rossi, St John and Caruso.

In its most recent trading update, Lanvin Group reported a 22% decline in first-half sales, totalling €133 million, as gross profit decreased by 27%.