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Cars / Yachts

Azimut Benetti promotes Marco Valle to Group CEO from September

Marco Valle becomes Azimut Benetti Group CEO on September 1, with current Benetti boss Franco Fusignani remaining on the Board of Directors.

May 26, 2020 | By Yacht Style

Marco Vitelli, currently CEO of Azimut Yachts, will take on the role of Group CEO of Azimut Benetti on September 1, with full responsibility for both brands.

Azimut CEO Marco Valle will also be in charge of Benetti from September

Azimut CEO Marco Valle will also be in charge of Benetti from September

Valle will remain in charge of Azimut and also take charge of superyacht builder Benetti, succeeding current Benetti CEO Franco Fusignani, 75, who will remain on the Group’s Board of Directors.

However, Azimut Benetti still had ‘the intention to preserve the specific characteristics and values of each brand, whose distinct identities form the basis of the Group’s success’. The announcement was made by the Board of Directors and the Vitelli family.

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Paolo Vitelli, who founded Azimut Yachts in 1969 and is Chairman of Azimut Benetti Group, said: “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.

“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. This continuity is important to tackle the new challenges of an evolving market and generational change in the current management team.”

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Marine Italia represents Azimut in Hong Kong, Guangdong, Macau, Taiwan and Singapore, while Benetti’s Asia Pacific office is in Hong Kong. /

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