Published: Thursday, 19 September 2013
Mike Fulton

Ferruccio Luppi has been appointed the CEO of the Azimut-Benetti Group, a newly-created role within in the organization.

Ferruccio Luppi Made Ceo At Azimut Benetti 3

President Paolo Vitelli took this decision with the full support of the Board of Directors, as part of the company’s recently adopted Strategic Development Plan.

Ferruccio Luppi, was one of the closest collaborators of the Fiat CEO Sergio Marchionne, during the re-launch of the automotive group. He will implement the Strategic Plan through coordination, cohesion and control of the three business lines of the Group: yachts, megayachts and yachtique. The core functions of the Group, up until now directly coordinated by Vitelli, will report directly to him. 

"I am convinced," said Vitelli "that Ferruccio Luppi’s professional qualities, along with the commitment and passion of all my colleagues, and my continuing presence as President and major shareholder of the company, will allow us to better express the enormous capabilities of the Group. It must continue to maintain the market leadership that we have held since the beginning."