Campari Group has announced Matteo Fantacchiotti’s resignation as CEO after just six months in the role.

Fantacchiotti replaced Bob Kunze-Concewitz when he retired, but has announced his resignation due to personal reasons. Prior to becoming Campari CEO Fantacchiotti was the Group’s Managing Director Asia Pacific.

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-CEOs and as executive members of a Leadership Transition
Committee, which will be chaired by Kunze-Concewitz (non-executive Director, above).

The Committee, together with the Remuneration and Appointment Committee, will also be responsible for the identification of the new Campari CEO, to be proposed to the Board of Directors, after an assessment of both internal and external candidates as per best governance practices.

Fantacchi 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.”

Campari Group 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.”