Ferretti Group appoints Giancarlo Galeone as new group CEO

In deep sorrow for the sudden loss of Salvatore Basile, the Ferretti S.p.A. Board of Directors met under the chairmanship of Norberto Ferretti and appointed Giancarlo Galeone, Group shareholder and Director, as new Chief Executive Officer, conferring the relative proxy and powers.

Giancarlo Galeone has a profound knowledge of the Ferretti Group which he directed as CEO from 1995 to 2006. His appointment will guarantee complete company continuity. Indeed, as of July 2009, Mr Galeone worked in close cooperation with Mr Basile on the Board of Directors in defining the reorganisation and relaunch plan, sharing the same vision and strategies.

Chairman and Founder Norberto Ferretti, the Board of Directors, the Executive Committee, the entire Ferretti Group team together with shareholders Mediobanca and Yacht Partecipation, a company headed by Norberto Ferretti, have expressed their satisfaction for the appointment of Giancarlo Galeone, a man of proven experience in the nautical sector and of great strategic vision, representing a significant choice in the projects of expansion and further development that the Group has been pursuing over the past years.

“At a time of such sorrow for our Group, which shares the profound grief of Mr Basile’s wife and family, the appointment of Giancarlo Galeone will guarantee the best company and strategic continuity for Ferretti Group,” commented Norberto Ferretti, Ferretti Group Chairman and Founder. “Giancarlo Galeone’s in-depth experience of the nautical sector, the fact that he totally embraces the strategic lines of the relaunch and development plan we have been implementing over the past few years, and his comprehensive knowledge of the Ferretti Group will assure a decisive contribution to the development of our projects over the next few years”.

“I sincerely thank the Chairman and the Board of Directors for the trust they have shown by appointing me. I accepted this position because I thoroughly share the same strategic vision of the entire team, which immediately expressed its great trust and support,” commented Giancarlo Galeone, Ferretti Group CEO. “My aim will be to continue together along the route marked out and shared over the past few years with Salvatore Basile, a man with a strong, sensitive personality, who managed to convey these qualities instantly to all the employees of our Group.”

Ferretti Group
Fulvia Venturi
+ 39 0543 787511
[email protected]

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