After practically three many years at Aperol maker Campari Group, Paolo Marchesini will step down as chief monetary and working officer this yr.
Marchesini, who joined the Italian drinks group in 1997, will turn into vice-chairman of Campari’s board of administrators for a three-year time period.
Taking on the place of chief monetary officer (CFO) from the fourth quarter of this yr can be Francesco Mele, who joins the enterprise from his function as chief funding officer at Italian financial institution Cassa Depositi e Prestiti (CDP).
Marchesini, the group’s first CFO, took on the extra function of chief working officer throughout his tenure on the firm, extending his duties to incorporate IT and international provide chain.
Over the 28 years working at Campari, Marchesini was concerned within the acquisition and integration of 40 companies, alongside the divestment of 12 non-core manufacturers.
Below his management, Campari’s share worth has grown greater than seven occasions and annual shareholder return reached 10.1%, the group mentioned.
Marchesini: “I’m immensely pleased with the outcomes we’ve got achieved at this nice firm, because of the dedication and expertise of the many individuals I’ve labored with.
“I’ve had the honour to steer a unprecedented workforce of individuals: this message can be a heartfelt tribute to their dedication, which has been instrumental in each milestone we’ve reached.”
Luca Garavoglia, chairman of Campari Group, thanked Marchesini for his “laborious work and unbelievable contribution to the corporate’s success prior to now many years”.
Mele has recognized Campari Group since 2003, having labored with the agency as an advisor on its buy of Aperol.
Campari mentioned Mele would convey a “nice stability of operational and managerial expertise in advanced environments with a really robust finance and IT background”.
Mele has additionally served as CEO of CDP Fairness, the funding holding subsidiary of CDP.
Earlier than that, he held CFO positions at Illimity Financial institution and banking firm Monte dei Paschi di Siena, and took on senior management roles in funding banking divisions at Nomura and Goldman Sachs.
“I’m excited to be becoming a member of Campari Group, an iconic Italian firm that I’ve admired for a few years, and I stay up for persevering with the robust progress with the workforce,” Mele added.
Marchesini has additionally recognized Mele for greater than twenty years and can hand over finance, international enterprise companies and IT throughout the transition interval.
Campari Group CEO Simon Hunt will take over the agency’s international provide chain operations from the fourth quarter of 2025.
Marchesini mentioned of Mele’s appointment: “I’m assured he’ll do a terrific job and that the corporate will proceed to go from energy to energy underneath this management.”
Final month, Wild Turkey proprietor Campari Group reported a return to progress within the second quarter of 2025, after a drop of 4.2% within the first three months of the yr.
It adopted a full-year gross sales rise of two.4% for 2024.
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