Ferrero Group announces new governance set

The Ferrero Group's entrepreneur and CEO, Giovanni Ferrero, will assume the role of Executive Chairman as of September 1st, 2017. Lapo Civiletti, Chief Business Officer Area Europe, 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."

Giovanni Ferrrero 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.

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: Lapo Civiletti as CEO, Ambassador Francesco Paolo Fulci as Head of the Institutional Affairs, Briano Olivares as Head of Strategic R&D, Aldo Uva as Head of the Open Innovation and Marco Borghesi as Chief Strategy Officer will report directly to the Executive Chairman. 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. 

Furthermore, the management will report directly to the CEO: Giuseppe Addezio as Chief Human Resources and Organization Officer, Patrick Baubry as Sales Business Development, Marco Capurso as Chief Business Officer Area Emerging (China, India, MEA, Asia Pacific), Giuseppe D'Angelo as Chief Business Officer Area International (UK, North, Central and South America, CIS and An-countries), Jorge de Moragas as Chief Financial Officer, Michele Ferro as Chief Industrial and Supply Officer, Fabrizio Minneci as Chief Legal Officer, Briano Olivares as Chief Global Brand Officer, and Aldo Uva as Chief Operating Officer Strategic Business Units.

Ferrero began its story in the little town of Alba in Piedmont, Italy, in 1946. Today, with a consolidated turnover of over € 10 bn, 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. 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.