The Ferrero Group announced the confectionery giant’s CEO Giovanni Ferrero move to become the executive chairman on September 1, 2017.
He is set to focus on long-term strategies, new business directions and breakthrough innovation, whilst assuring continuity in the chocolate company’s culture and values.
“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 Ferrero.
The confectionery head honcho 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.
Lapo Civiletti will also assume the role of CEO of the chocolate manufacturer in September. He will focus on the achievements of the short and mid-term results of the company.
“This is a momentous time for the group, and we are ready to capitalize on the new opportunities available to our company,” commented Civiletti. “I am absolutely dedicated to pursuing 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.”
“I am very confident that [Civiletti] will ensure continuity in reaching business goals and effectively support the group in its growth objectives,” said Ferrero. “He has been chosen for his business acumen, vision and mission-driven orientation whilst truly fostering the Ferrero
culture and core values.”
