Campari Group is reshuffling a prime government place as CFO and COO Paolo Marchesini leaves his position and turns into vice chairman of the corporate’s board of administrators.
The transfer, which Campari stated was a “consensual resolution”, will see Francesco Mele tackle the chief monetary officer position within the fourth quarter of 2025.
Marchesini will assume on the vice chairman place till 2028.
He joined the corporate in 1997, holding the group chief monetary officer position after which turning into chief monetary and working officer “after extending his obligations to info expertise and world provide chain”, Campari stated.
Following Marchesini’s transfer, his former place is to be break up, with Mele taking duty for managing finance, world enterprise providers, and IT, whereas the worldwide provide chain operate will likely be overseen by group CEO, Simon Hunt.
Campari credited Marchesini with enjoying a “key position in driving each the natural and exterior development” throughout his tenure.
Marchesini led the group on an interim foundation after Matteo Fantacchiotti stepped down as CEO final yr after simply 5 months.
Luca Garavoglia, chairman of Campari, stated: “I want to thank Paolo personally, and on behalf of the Board of Administrators, for his exhausting work and unimaginable contribution to the corporate’s success up to now many years.
“I’ve due to this fact welcomed his transfer from an operational position to 1 the place he might carry his nice strategic oversight, and I’m really delighted together with his promotion as vice chairman of the board.”
Incoming CFO Mele joins the Courvoisier Cognac proprietor from CDP Cassa Depositi e Prestiti (CDP), Italy’s nationwide promotional financial institution, the place he was chief funding officer.
His prior expertise additionally contains being CEO at CDP Fairness, the funding holding arm of CDP.
Commenting on the information, Marchesini stated: “Now, I really feel deeply honoured by the popularity of being promoted to the vice chairman position on the board of administrators. I’m additionally delighted handy over to Francesco, a strong supervisor with worldwide expertise, whom I’ve recognized for a few years. I’m assured he’ll do a fantastic job and that the corporate will proceed to go from energy to energy below this management.”
Within the first half of the yr, the Aperol model proprietor reported internet gross sales of €1.53bn (then $1.75bn), marking a 0.3% year-on-year enhance. EBIT rose by 1.6% to €340.9m, although adjusted EBIT declined by 2.3% to €352m. The group’s internet revenue decreased by 6% to €206.4m.
In June, Campari reached an settlement to promote belongings, together with the vermouth model Cinzano, to Italian distiller Caffo Group 1915.
