LUXEMBOURG, March 30, 2017 /PRNewswire/ --
The Ferrero Group has decided to undertake a new governance set
up to strengthen its competitive position in the chocolate and
sweet packaged food market worldwide and accelerate growth
momentum.
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The Ferrero Group's entrepreneur and CEO, Mr. Giovanni Ferrero, will assume the role of
Executive Chairman as of September
1st, 2017. As such, he will drive the Group by
focusing on long-term strategies, new business directions and
breakthrough innovation, whilst assuring continuity in the
Company's culture and values.
Mr. Giovanni Ferrero will define
and lead new pathways to enhance the Group's growth and
globalization, in addition to guiding the strategic functions and
Boards/Committees of the Group.
In order to secure the achievement of the Group's business
targets, Mr. Giovanni Ferrero has
decided to appoint a manager in the role of Chief Executive
Officer. In his role, the CEO will drive all the activities focused
on the achievements of the short and mid-term results. Mr.
Lapo Civiletti, a highly ranked
internal leader with an impressive track record of outstanding
achievements, will assume the role of CEO as of September 1st, 2017.
"I am very confident that Mr. Lapo
Civiletti will ensure continuity in reaching business goals
and effectively support the Group in its growth objectives," said
Mr. Ferrero. "He has been chosen for his business acumen, vision
and mission-driven orientation whilst truly fostering the Ferrero
culture and core values."
"This is a momentous time for the Group, and we are ready to
capitalize on the new opportunities available to our Company,"
comments Mr. Civiletti, "I am absolutely dedicated to pursuing Mr.
Ferrero's strategic direction, side-by-side with him, with a very
talented Leadership Team and in collaboration with all my Ferrero
colleagues around the world."
The Group is committed to investing in its people, enhancing the
talent, leadership skills and personal qualities of its managers.
The new governance will furthermore enable Ferrero to evolve its
business in the future and strengthen its position in worldwide
markets.
As a consequence of this enhanced new governance, the following
appointments have been made at Leadership Team level:
- Reporting directly to the Executive Chairman:
Mr. Lapo Civiletti as CEO,
Ambassador Francesco Paolo Fulci as
Head of the Institutional Affairs, Mr. Briano Olivares as Head of
Strategic R&D, Mr. Aldo Uva as
Head of the Open Innovation and Mr. Marco
Borghesi as Chief Strategy Officer.
Moreover, the Executive Chairman will provide guidelines to the
Group Boards/Committees: Group Leadership Team, Audit, Advisory,
Product, Appointment and Remuneration Committee, Business
Innovation, Operations.
- Reporting directly to the CEO:
Mr. Giuseppe Addezio as Chief Human
Resources and Organization Officer, Mr. Patrick Baubry as Sales Business Development,
Mr. Marco Capurso as Chief Business
Officer Area Emerging (China,
India, MEA, Asia Pacific), Mr. Lapo Civiletti as Chief Business Officer Area
Europe, Mr. Giuseppe D'Angelo as
Chief Business Officer Area International (UK, North, Central and
South America, CIS and
An-countries), Mr. Jorge de Moragas
as Chief Financial Officer, Mr. Michele
Ferro as Chief Industrial and Supply Officer, Mr.
Fabrizio Minneci as Chief Legal
Officer, Mr. Briano Olivares as Chief Global Brand Officer, Mr.
Aldo Uva as Chief Operating Officer
Strategic Business Units.
“I am sure that the new Governance will boost our Company’s
growth whilst staying true to our roots. This will be the essential
step to combine 'the best of our worlds': our distinctive
entrepreneurship, our managerial excellence and the quality of all
our people, the perfect blend for success,” concluded Mr.
Ferrero.
Ferrero began its story in the little town of
Alba in Piedmont, Italy, in 1946.
Today, with a consolidated turnover of over 10 billion euros, Ferrero is amongst the market
leaders of the confectionery sector and the third worldwide Group
in the chocolate confectionery market.
The Ferrero Group is present with more than 41,000 people
across 53 countries; it has 22 production plants around the world,
of which 3 are part of the Michele Ferrero Entrepreneurial Project
in Africa and Asia. In addition, at the beginning of 2015,
the Group set up the Ferrero Hazelnut Company (HCo) that includes 6
agricultural companies and 8 manufacturing plants. Ferrero
products such as Nutella, Ferrero Rocher, Raffaello, Tic Tac and the
Kinder line, are present and sold in more than 170
countries; they have become part of the collective memory and
customs of many countries, where they are truly loved generation
after generation and often considered as cultural icons.
Furthermore, Ferrero has social responsibility in its DNA.
Product freshness and high quality, careful selection of the finest
raw materials, sustainable agricultural practices and continuous
research and innovation are some of the key elements of
Ferrero's success. Moreover, Ferrero continues to
invest in local communities thanks to the Ferrero Foundation, the
Michele Ferrero Entrepreneurial Project and the Kinder+Sport
programme.
For further information visit:
http://www.ferrero.com and
http://www.ferrerocsr.com
SOURCE The Ferrero Group