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Campari Group has announced that Matteo Fantacchiotti has decided to step down from his position as CEO, effective immediately.

Fantacchiotti is stepping down due to "personal reasons" after only five months at the helm of the Italian spirits group. He had been with Campari Group for nearly five years and became CEO in April, succeeding Bob Kunze-Concewitz, who decided to retire after 18 years with the company.

Campari has now appointed chief financial and operating officer Paolo Marchesini and general counsel Fabio Di Fede as interim co-CEOs. They will also serve as executive members of the Leadership Transition Committee, chaired by non-executive director Kunze-Concewitz. This committee, alongside the Remuneration and Appointment Committee, will oversee the search for a new CEO, considering both internal and external candidates.

L-R: Fabio Di Fede, Matteo Fantacchiotti and Paolo Marchesini

© Davide Campari-Milano

Fantacchiotti commented: "It has been a privilege for me to be part of Campari for almost five years and to lead this organisation since April 2024. While I have now taken the decision to leave, I express my deepest gratitude to all stakeholders, particularly the chairman, the board of directors and the leadership team."

Fantacchiotti leaves with 2,988 shares in the company. The terms of his employment termination are yet to be finalised.

Top image: © Davide Campari-Milano

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