Table of Contents
Resignation: Campari boss Matteo Fantacchiotti had been in the job for less than six months
The boss of drinks giant Campari has resigned after less than six months in the job.
In an unexpected announcement, the company announced that Matteo Fantacchiotti had resigned with immediate effect. The news sent Campari shares down 7.5 percent on the Milan Stock Exchange, bringing losses this year to more than 30 percent.
The Italian spirits group, where Hollywood actress Kate Hudson stars in the BitterSweet advertising campaign, cited personal reasons for Fantacchiotti’s departure.
Fantacchiotti joined Campari in 2020, previously serving as CEO of its Asia Pacific division before replacing long-time CEO Bob Kunze-Concewitz in April this year.
He said: ‘It has been a privilege for me to be part of the Campari Group for almost five years and to lead this organisation.
“I express my deepest gratitude to all the stakeholders.”
DIY INVESTMENT PLATFORMS
AJ Bell
AJ Bell
Easy investment and ready-to-use portfolios
Hargreaves Lansdown
Hargreaves Lansdown
Free investment ideas and fund trading
interactive investor
interactive investor
Flat rate investing from £4.99 per month
Saxo
Saxo
Get £200 back in trading commissions
Trade 212
Trade 212
Free treatment and no commissions per account
Affiliate links: If you purchase a product This is Money may earn a commission. These offers are chosen by our editorial team as we believe they are worth highlighting. This does not affect our editorial independence.