As per the succession plan set in motion last year, in January Marchetti was succeeded as CEO of YNAP by Geoffroy Lefebvre, previously group digital distribution director of parent company Compagnie Financière Richemont. Marchetti stayed on as chairman of the group to ensure a smooth transition. He now said he was proud to leave YNAP on solid ground and growing. Richemont on Friday said its online distributors, to which YNAP contributes, posted an 86 percent increase in sales compared with the previous quarter.