The Ferretti Group, renowned builder of timeless yachts, finds itself in choppy waters as major shifts occur on its board. Piero Ferrari, the honorary chairman, and non-executive independent director Stefano Domenicali, have tendered their resignations with immediate effect, causing a significant ripple across the industry.
These departures represent a considerable turnaround for a company that has long been at the forefront of the yachting industry. Ferrari and Domenicali's contributions to the successes of the Group over the years cannot be overstated. Their seasoned guidance, combined with their deep understanding of the sea and everything that it represents, have navigated Ferretti through both calm and stormy waters.