Ferrero Group ceo to become chairman in management reorganization
Company executive Lapo Civiletti will become new ceo.
Italy-based Ferrero Group will reorganize its upper management in hopes of growing its position in the chocolate and sweet packaged food markets.
Giovanni Ferrero, ceo of the international group and grandson of its founder, Pietro Ferrero, will become executive chairman, effective Sept. 1. Ferrero will focus on long-term strategies, new business development and innovation. He will also guide the strategic functions of the company’s boards and committees.
Lapo Civiletti, who currently heads central and eastern European operations, will become ceo, also effective Sept. 1. Civiletti will manage the group’s short- and mid-term achievement.
“I am very confident that Mr. Lapo Civiletti will ensure continuity in reaching business goals and effectively support the Group in its growth objectives.” Ferrero says. “He has been chosen for his business acumen, vision and mission-driven orientation whilst truly fostering the Ferrero culture and core values.”
Civiletti said the group, which manufacturers under the Ferrero Rocher, Rafaello, Kinder, Tic Tac and Nutella brands, is “ready to capitalize” on new opportunities.
“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,” he says.
As part of the management changes, Briano Olivares will lead research and development, Aldo Uva will lead open innovation and Marco Borghesi will be chief strategy officer.
Ferrero, the third largest candy company in the world, according to Candy Industry’s Global Top 100, announced last month its plans to purchase Fannie May Confections Brands for $115 million. The group purchased British chocolatier Thornton’s in 2015.