Ferretti Group appoints Mr Giancarlo Galeone as the new CEO

Ferretti Group appoints Mr Giancarlo Galeone as the new CEO

April 4, 2011: After the sudden and tragic demise of Mr Salvatore Basile, the Ferretti S.p.A. Board of Directors has appointed Giancarlo Galeone, Group shareholder and Director, as the new Chief Executive Officer.

Giancarlo Galeone has a profound knowledge of the Ferretti Group which he directed as CEO from 1995 to 2006. Mr Galeone had 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.

“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. “His 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”.

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