Diego Della Valle, Tod's chairman and chief executive, has reiterated his intention to take a step back from day-to-day management and focus on the group's strategy. He said that he expects to delegate “soon” everyday management to the group's management team under the supervision of his younger brother Andrea. “My role will to be focus on strategy,” he added. Andrea Della Valle, who has been working in his brother's shadow for many years, focusing on issues lile procurement and manufacturing, will be working with Umberto Macchi di Cellere, the new general manager of Tod's who joined the family-controlled group last November. As previously reported, Tod's suffered a 1.8 percent drop in consolidated revenues for the first quarter of this year, down to €234.1 million.