The Ferretti Group is making a change at the top. After twelve years as CEO, Alberto Galassi is leaving the Italian yacht building company, which includes the Brands Wally, Riva, Custom LineFerretti Yachts, Itama, Pershing and CRN. Stassi Anastassov is the new managing director of the successful yacht builder.
Anastassov brings extensive experience from the global economy. He currently serves as a non-executive director at JS Global Lifestyle and Better Shelter. Previously, he was President and CEO of battery manufacturer Duracell. His career includes several leadership roles at Procter & Gamble in Europe, North America, Asia and the Middle East. In these roles, he advised international companies and investment firms in areas such as corporate governance, operational transformation and long-term value creation. The appointment marks a strategic new beginning for the listed Italian yacht building group, which is one of the world's leading luxury yacht manufacturers.
Italy remains the heart of the Ferretti Group and will continue to be so in the future, Anastassov said in his inaugural speech. The responsibility lies in protecting and strengthening this heritage, while at the same time further developing the Group as a global market leader in luxury yacht building. With the new management team, the company is relying on a mixture of proven expertise and fresh impetus from other sectors of the industry.
The appointment takes place one day after the election of a new Board of Directors of the Ferretti Group. Tan Ning will take over as Chairman. The board meeting also approved the annual financial statements for 2025, with the Ferretti Group's profit as at 31 December 2025 amounting to 44.64 million euros. Turnover from new yachts reached 1.23 billion euros. This corresponds to an increase of five percent compared to the EUR 1.17 billion as at 31 December 2024.

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