Campari Group has announced the resignation of Matteo Fantacchiotti’s as Chief Executive Officer and Member of the Board of Directors, effective as of today, due to personal reasons. Fantacchiotti has been at them helm for 5 months after replacing CEO Bob Kunze-Concewitz in April. He was previously group deputy CEO and prior to this, managing director of its Asia Pacific division.
Campari Group said in a statement, “The Board has decided to appoint Paolo Marchesini (Chief Financial and Operating Officer) and Fabio Di Fede (General Counsel and Business Development Officer) as interim co-CEO’s and as executive members of a Leadership Transition Committee, which shall be chaired by Bob Kunze-Concewitz (non-executive Director).
“Such Committee, together with the Remuneration and Appointment Committee, will also be responsible for the identification of the new Chief Executive Officer, to be proposed to the Board of Directors, after an assessment of both internal and external candidates as per best governance practices.
“Jean-Marie Laborde, currently member of the Board of Directors of Davide Campari-Milano N.V. and member of the Control, Risks and Sustainability Committee, is appointed as Vice Chairman”.
Matteo Fantacchiotti said, “It has been a privilege for me to be part of Campari Group for almost five years and to lead this organisation since April 2024. While I have now taken the decision to leave, I express my deepest gratitude to all stakeholders, particularly the Chairman, the Board of Directors and the Leadership Team.’.
After expressing his regret following Matteo Fantacchiotti’s decision, Chairman Luca Garavoglia said, “Our growth ambition remains very strong. We have a very solid future ahead thanks to our robust organisation, our global footprint, and particularly our unique portfolio made of some of the most admired brands in the spirits industry nurtured by a committed team of professionals. In continuity with the past, we’ll continue focusing on building our brands to keep on generating profitable growth and industry outperformance in the long run, as we have done since we went public in 2001.”
