FERRETTI GROUP BOARD APPOINTS STASSI ANASTASSOV AS CHIEF EXECUTIVE OFFICER
Ferretti Group S.p.A. (HKEX: 9638 / Euronext Milan: YACHT.MI) announces that the Board of Directors of the Company, following the Annual General Meeting held earlier today, has appointed Mr. Stassi Anastassov as Chief Executive Officer of the Company, with immediate effect. Mr. Tan Ning has been confirmed as Chairman of the Board.
Mr. Anastassov is an international business executive with extensive global leadership experience across consumer, industrial and manufacturing sectors. He previously served as President and Chief Executive Officer of Duracell and held senior leadership positions during thirty years at Procter & Gamble across Europe, North America, Asia and the Middle East.
He currently serves as a Non-Executive Director of JS Global Lifestyle and as a Non-Executive Director of Better Shelter, and has advised international companies and investment firms on governance, operational transformation and long-term value creation. Born in Bulgaria, Mr. Anastassov is a citizen of Sweden and Switzerland and has lived and worked extensively across major international markets.
Statement from Mr. Tan Ning, Chairman: “On behalf of the Board, I thank shareholders for their continued trust and support. Ferretti Group enters this next phase with strong foundations, exceptional brands and significant long-term opportunities. The Board remains fully committed to continuity, disciplined execution and the long-term development of the Group. Under Mr. Anastassov’s leadership, the Group will continue to strengthen its operational excellence, global positioning and long-term value creation while preserving the unique heritage and identity that define Ferretti Group.”
Statement from Mr. Stassi Anastassov, Chief Executive Officer: “It is an honour to be appointed Chief Executive Officer a unique company built on extraordinary brands, exceptional craftsmanship and talented people. Italy is and will remain the heart of Ferretti Group. Our responsibility is to protect and strengthen that heritage while continuing to develop the Group as a truly global leader in luxury yachting.
I look forward to building on the strong work achieved over recent years with humility, full dedication and a clear operational focus. Together with the management team and employees across the Group, we will continue to execute our strategy with consistency, ambition and long-term perspective.
Our commitment is first and foremost to the strength, stability and long-term success of the Company. By serving the business well, we serve all shareholders, employees, customers and partners who contribute to Ferretti Group’s future.”
The Group will continue to execute its existing strategic and industrial plans while further strengthening operational discipline, global development and long-term value creation. The Board’s next meeting will be held on 19 May 2026 to review the Company’s first-quarter 2026 results, which will be disclosed in accordance with the regulatory calendar.
