Ferretti has confirmed the departure of its chief executive officer, Alberto Galassi after 12 years as head of the company.
The board is expected to formally appoint Stassi Anastassov as incoming CEO during a follow-up board meeting scheduled for 15 May 2026.
Ferretti also announced that honorary chairman and non-executive director Piero Ferrari and the non-executive independent director Stefano Domenicali have resigned with immediate effect as members of the board of directors of Ferretti citing frustration and disappointment with various entities.
The announcements were made following a board meeting on 14 May where a new board of directors was appointed, including Tan Ning as chairman of the board.
Long-term industrial vision
“It is a great honour for me to be elected chairman of the board and wish to express my sincere gratitude to the shareholders for their trust and continued support,” he said.
“The new board of directors represents continuity, stability, and growth.
“It leverages a long-term industrial vision aimed at enhancing the Group and its brands, as well as maintaining the manufacturing presence in Italy and the global commercial network, in line with the path undertaken since 2012.”
During the board meeting, the directors approved the financial statements which showed profit of Ferretti for the year amounted to 44.635 million euros as of December 31 2025
Net new yacht revenues amounted to 1.23 billion, up 5% compared to 1.17 billion as of 31 December 2024.
Adjusted EBITDA was to 202.8 million euros, with a margin of 16.5%, up 6.7% compared to 190 million euros as of 31 December 2024.
