Azimut Benetti’s board of directors has announced that Franco Fusignani will hand over responsibility for the Benetti division to Marco Valle, who is in charge of the Azimut division, effective Sept. 1.
Valle will then serve as group CEO and take responsibility for both divisions to ensure “integrated business management,” according to the company.
Fusignani will continue to sit on the board of Azimut Benetti after Sept. 1 to assist with the transition.
“Marco Valle, who joined the company 25 years ago, has the full support of the Vitelli family and the group’s board of directors in this new challenge, which he will no doubt rise to with the same spirit of success that has been a distinctive feature of his work, first as Azimut Yachts sales director and for the last four years as CEO of the Azimut division,” said Azimut Benetti group chairman Paolo Vitelli in a statement.
“We would like to thank Franco for the great work he has done and continues to do in Benetti, and for his continued future presence in the group,” said Vitelli. “This continuity is thought to be important to tackle the new challenges of an evolving market and generational change in the current management team.”