Throughout the last 12 months, The Ferretti Group has undergone a series of notable accomplishments, including a new shareholding structure, a new organizational structure and another record sales year for the American markets.
Through the new strategic partnership with the Weichai Group, which acquired a controlling interest in the Ferretti Group, and under the leadership of newly appointed Chief Executive Officer, Ferruccio Rossi, the Group has reorganized the corporate operating structure with a focus on further strengthening the Group’s unique brands and its centralized product development and engineering capabilities. The new organization will focus on the distinctive individuality of the brands with the product development, manufacturing and brand management teams in Italy focused on the ‘made in Italy’ tradition.
The Group also announced that Founder, Norberto Ferretti, will remain strongly vested in the Ferretti Group, serving as Honorary Chairman, where he will actively participate in guiding and advising the product development and engineering teams in new model development. Mr. Ferretti will also continue his role as an advisor to the Chief Executive Officer and as an ambassador to the group representing the organization and its brands.
“Thanks to the exceptional skills of Norberto Ferretti, Ferruccio Rossi, all the top management, and experts in this sector, we are sure that we will increase the synergies of our Group, through sharing resources and industrial integration, which will allow us to further consolidate our international leading position in the nautical and luxury market of the Ferretti Group,” stated Chairman Tan. “The importance of “Italian Made” and the unique heritage of each brand are driving characteristics that underlie every purchase by Ferretti clients around the world and it is therefore essential to protect and nurture this throughout all the shipyards of the Group,” further commented Tan.
Consistent with the Group’s strategy to strengthen the international presence of CRN in the super yacht sector, Lamberto Tacoli will concentrate on leading the CRN organization as Chairman and Chief Executive Officer of CRN with full responsibility for the management and operations of the CRN business.
Mauro Frattesi will continue in his role as Chief Technical Officer for the Group and will also oversee the development and management of the Group in the Asia-Pacific region as President and Chief Executive Officer of Asia-Pacific.
Andrea Frabetti will take on a new role leading Advanced Yacht Technology Design, the naval research and design center for the Ferretti Group. In line with efforts to further strengthen the Group’s Brands, James Henderson has been appointed as Chief Marketing Officer and Antonio Campagnuolo has been appointed as Head of Product Management, where he will lead a team of specialists for each brand that are responsible for driving and implementing new product development, configuration and specifications for each model.
SuperYacht Times - The State of Yachting 2020
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