May 29 – The luxury yacht will continue to be Italian thanks to the Ferretti Group, which will confirm that its luxury boats are ambassadors of Italian technology and style, conquering new positions in international markets. The news was confirmed by the new CEO Alberto Galassi, taking over from Ferruccio Rossi after the appointment by the Board of Directors, convened by Chairman Tan Xuguang, also head of the Weichai Group. “The change at the top – said the group in a statement – is part of a consolidation and re-launch plan focused on the design and implementation of new product ranges, as well as the implementation of new business and marketing strategies. This renewed vitality is due to the fundamental support of the Weichai Group, the majority shareholder of the Ferretti Group since 2012, decisive in securing capital support and new distribution channels. As a demonstration of its determination to contribute to the overall growth of the Ferretti Group, the Weichai Group has approved the payment of a shareholder loan of €30 million, available immediately and convertible into a future capital increase.” “The Ferretti Group – said the new CEO – represents the excellence of Italian production in an industry where style and technology are combined with craftsmanship, innovation and beauty. We are confident that our brands and our new products, for the development of which shareholders are already investing, will conquer the taste and satisfaction of ship owners already linked to Ferretti and of those who approach the world of sailing for the first time.” The Ferretti Group is one of the leading global players in the design, construction and sale of luxury motor yachts. The group, founded by Norberto Ferretti in 1968, makes use of modern production centers in Italy and America.
