Benetti CEO Vincenzo Poerio is retiring after 25 years of overseeing one of the world’s largest superyacht builders. The Azimut/Benetti Group announced that Franco Fusignani, currently manager of the Benetti Business Operations division, will take over as CEO.
A company statement said that Fusignani will be involved in new product development as well as streamlining Benetti’s shipyards in Livorno and Viareggio. He has been involved over the last year with reorganizing Benetti’s Operations division.
The company said that Christos Ramnialis will be taking on the role of Vice President of Development of the Benetti Business Line. Ramnialis, who reports to Fusignani, will be responsible for opening up new markets, launching new products, and strengthening the brand to compete with its “principal competitors” in the Netherlands and Germany.
The new team, said the statement, will undertake a new “cycle of development for Benetti.”
Poerio is credited with making Benetti one of the largest superyacht builders in the world.
Revenues for the last year have grown from €320 million ($370 million) to €370 million ($427 million), according to the statement.
The company will hold a press conference at the Cannes Yachting Festival on Sept. 11 to reveal more details.