Ferretti SpA CEO resigns his position

Vincenzo Cannatelli, chief executive officer of Ferretti SpA, has resigned as director of Ferretti's subsidiary companies with immediate effect.

According to a group statement, the decision takes account of the extension of the timetable for a potential IPO, given the financial market crisis and, consequently, the need to allow the company to lay out an organisational structure that is more consistent with current market conditions