6 Jun 2014
Ferretti Group appoints new CEO
The board of directors of the Ferretti Group, as convened by Chairman Tan Xuguang, who also heads the Weichai Group, has announced Alberto Galassi as Ferretti’s new chief executive officer. Galassi replaces former CEO, Ferruccio Rossi, effective immediately.
“This change at the top is part of a consolidation and relaunching plan that is focused on the conception and construction of a new range of products, as well as on the implementation of new business and marketing strategies,” the group has stated. “The goal is to secure new positions on international markets and thus confirm the role played by the boats made by the group as ambassadors of ‘Made in Italy’ technology and style.”
The new endeavour is being made possible by the support of the Weichai Group, the majority shareholder in the Ferretti Group since 2012. The Weichai Group has decided to offer a shareholders’ loan of 30 million euros that is immediately available and can be converted into an increase in capital in the future.
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