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Ferretti Group mourns CEO’s passing

Ferretti Group CEO Salvatore Basile passed away suddenly Sunday after suffering a heart attack. He was 58.

Basile began his career in the late 1970s working for CM-Carlo Mazzo, serving in roles of increasing responsibility in the groups ZF, Saeco, Demm SpA, De Longhi and Baxi SpA. He was appointed CEO at Ferretti in 2009.

"He will always be remembered for the great love he had for his work, his strategic vision and strong, sensitive personality, qualities he managed to convey instantly to all group employees, with enthusiasm, motivation and strength," the company said in a statement.

Italy's Ferretti Group is a leader in the design, construction and sale of motoryachts. Its brands include: Ferretti Yachts, Pershing, Itama, Bertram, Riva, Mochi Craft, CRN and Ferretti Custom Line.

The Ferretti Group is also in Asia, with a branch of representation and promotion in Shanghai, as well as in the United States with Allied Marine.

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