Stassi Anastassov has been announced as the new chief executive officer of Ferretti Group with immediate effect.
Tan Ning has been confirmed as chairman of the board.
Anastassov is an international business executive with extensive global leadership experience across consumer, industrial and manufacturing sectors.
He previously served as president and chief executive officer of Duracell and held senior leadership positions during 30 years at Procter & Gamble across Europe, North America, Asia and the Middle East.
He currently serves as a non-executive director of JS Global Lifestyle and as a non-executive director of Better Shelter and has advised international companies and investment firms on governance, operational transformation and long-term value creation.
Long-term opportunities
“On behalf of the board, I thank shareholders for their continued trust and support.
“Ferretti Group enters this next phase with strong foundations, exceptional brands and significant long-term opportunities,” said Ning.
And he said the board remains fully committed to continuity, disciplined execution and the long-term development of the Group.
“Under Mr. Anastassov’s leadership, the Group will continue to strengthen its operational excellence, global positioning and long-term value creation while preserving the unique heritage and identity that define Ferretti Group.”
Luxury yachting
Anastassov added: “It is an honour to be appointed chief executive officer of a unique company built on extraordinary brands, exceptional craftsmanship and talented people. Italy is and will remain the heart of Ferretti Group.
“Our responsibility is to protect and strengthen that heritage while continuing to develop the Group as a truly global leader in luxury yachting.”
And he said he looked forward to building on the strong work achieved over recent years with ‘humility, full dedication and a clear operational focus’.
The management team and employees will continue to execute the company’s strategy.
“Our commitment is first and foremost to the strength, stability and long-term success of the company.
“By serving the business well, we serve all shareholders, employees, customers and partners who contribute to Ferretti Group’s future.”
