FDBusiness.com

The Ferrero Group has decided to introduce a new governance structure to strengthen its competitive position in the global chocolate and sweet packaged food market and to accelerate growth. Giovanni Ferrero (pictured), chief executive of Ferrero Group, will assume the role of executive chairman as of September 1st, 2017. As such, he 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.

Lapo Civiletti, a highly ranked internal leader, will assume the role of chief executive as of September 1st, 2017. The new chief executive will drive all the activities focused on the achievements of the short and mid-term results.

“I am very confident that Mr Lapo Civiletti will ensure continuity in reaching business goals and effectively support the Group in its growth objectives,” says Giovanni Ferrero. “He has been chosen for his business acumen, vision and mission-driven orientation whilst truly fostering the Ferrero culture and core values.”

“This is a momentous time for the group, and we are ready to capitalize on the new opportunities available to our company,” comments Lapo Civiletti. “I am absolutely dedicated to pursuing Mr 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.”