Italy’s fashion house Armani has appointed a new board to guide the company following the death of its founder Giorgio Armani earlier this year.

The president and CEO of Gucci is stepping down later this year.

Creative director Alessandro Michele has radically shifted Gucci codes and challenged fashion norms in 6½ years at the helm of the brand founded by Guccio Gucci as a travel bag company in Florence 100 years ago.

Scott Barbour/Getty Images(CNN) - Gucci has hired a new person to oversee its diversity and inclusion efforts following the disastrous publicity it received for selling a racist sweater. The Italian fashion house announced Tuesday that it has hired Rene Tirado as its new global head of diversity, equity and inclusion. Tirado will be in charge of designing and implementing a new strategy to "create a more inclusive and equitable workplace and increase workforce diversity," Gucci said in a release. Gucci apologized, saying in a statement at the time that it's "fully committed to increasing diversity throughout our organization and turning this incident into a powerful learning moment for the Gucci team and beyond." "As a learning organization, we have challenged ourselves over the last few months to accelerate our vision to develop a stronger organization."