After 18 years with the corporate, together with 16 as CEO, Campari Group boss Bob Kunze-Concewitz has introduced his plans to retire in April 2024, to pursue his private passions.
Kunze-Concewitz knowledgeable Campari’s Board of Administrators of his intention to retire as of the corporate’s Annual Normal Assembly on 11 April 2024. Throughout his time as CEO Kunze-Concewitz has overseen 27 acquisitions, which have helped Campari develop by round 3 times in web gross sales and profitability.
That scale of management was lately recognised within the 2023 Developed Europe Government Group rating by Institutional Investor Analysis, which named Kunze-Concewitz because the Greatest CEO of the Drinks sector.
In accordance with Campari’s succession planning course of, the Board of Administrators has chosen Matteo Fantacchiotti, Managing Director Asia Pacific, as the brand new CEO nominee. As a way to guarantee an orderly and easy handover, Fantacchiotti has been appointed Deputy CEO efficient instantly.
Kunze-Concewitz mentioned: “Main Campari Group has been an unbelievable honour, essentially the most thrilling skilled journey in my profession. Now we have achieved spectacular outcomes, which I’m extraordinarily pleased with, however none of them would have been potential with out the extraordinary contribution, ardour and dedication of each single Camparista all over the world.
“I’m grateful for the belief and help that I’ve been all the time receiving from the administration workforce and the Board of Administrators, particularly our Chairman. Now we have been working carefully with our Chairman and the Board of Administrators to fastidiously put together for this second, as per the corporate’s company governance, enabling an orderly and easy transition. I’ve mentioned many instances that this firm is product of manufacturers and folks: we now have a portfolio product of a few of the most admired manufacturers within the spirits business, taken care of by a tremendous group of pros worldwide.
“The very sturdy well being of our manufacturers and our strong organisation now enable me to retire to pursue my private passions and revel in household life to the fullest. I’m very completely happy to move the baton to Matteo, a prime supervisor whom I personally recruited and who already contributed considerably to Campari, due to his management capabilities and deep experience of the spirits business, notably within the tremendous premium finish.
“I’m certain that Matteo, a real Camparista able to passionately main nice prolonged groups and attaining sturdy outcomes, will proceed constructing our firm, constantly with our long-term imaginative and prescient and bringing Campari to the subsequent degree of its accelerated progress sample.”
Fantacchiotti added: “I really feel honoured and proud concerning the appointment. Bob leaves Campari Group in an exceptional place. The spectacular achievements of the Group beneath Bob’s visionary management are an inspiration for me to proceed on this journey, constructing on our confirmed progress technique, in continuity with the previous, combining a powerful model constructing with worth enhancing acquisitions.
“Campari Group is immediately a really sturdy organisation, constructed on world class infrastructure, highly effective manufacturers and proficient Camparistas. I look ahead to persevering with working with Campari Group’s administration workforce which I’ll have the privilege to steer and with whom we are going to take our firm to the subsequent section of its transformational progress journey.”
After retiring, Kunze-Concewitz is predicted to grow to be non-executive director of the Firm; on this regard the Board of Administrators will suggest to April’s AGM, his appointment as non-executive director.
Luca Garavoglia, Group Chairman since 1994 mentioned: “On behalf of the Board of Administrators and personally, I wish to thank Bob for the superb work finished at Campari Group: throughout his tenure, Bob led our Firm to attain unbelievable outcomes, making Campari Group a jewel of the spirits business. His nice ardour and dedication had been additionally instrumental to create a worldwide workforce of uniquely proficient Camparistas, and he leaves Campari Group in an ideal place to unlock future progress alternatives.
“On this long-planned transition, along with the Board I’m now happy to see the baton move to Matteo, a pacesetter with nice expertise within the spirits business, who will have the ability to proceed the trail that Campari Group has had up to now, in continuity with our confirmed progress technique.”
