Changes at the top of the Ferretti Group

The Board of directors chaired by Ferretti Group Chairman Tan Xuguang has unanimously appointed Ferruccio Rossi as the new Managing Director. Ferruccio Rossi, who has been working for the Group as Riva Managing Director and Ferretti Group Country Manager since 2005, will replace Giancarlo Galeone, who has ended his mandate after CEO Salvatore Basileโ€™s sudden death.

Furthermore, Norberto Ferretti becomes the Honorary Chairman. These appointments will ensure the most absolute continuity to the Ferretti Group in the course of a further development that started after the power acquisition by SHIG-Weichai Group.

SHIG-Weichai Group, the Royal Bank of Scotland and Strategic Value Partners, Norberto Ferretti, the Administrative Council, and the Executive Council, have expressed their great satisfaction for the appointment of Ferruccio Rossi.

Ferretti Group
Roberta Sabatini
+ 39 0543 787511
[email protected]
www.ferrettigroup.com

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