FIH Announces New Nominees for Ferretti's Leadership Board Ahead of AGM
Ferretti International Holding S.p.A. (FIH) has made a significant announcement regarding its governance structure as it prepares for the upcoming Annual General Meeting (AGM) scheduled for May 14, 2026. On April 19, FIH submitted a slate of nominees for the Board of Directors and the Board of Statutory Auditors for Ferretti S.p.A. (stock codes: HKEX 09638 and Euronext Milan YACHT). This move aims to advance the company's leadership while ensuring robust governance and long-term sustainable growth.
The proposed slate consists of nine candidates, featuring an inclusive mix of five women and four men, with an emphasis on independence. Notably, four of these nominees are independent non-executive directors, reflecting FIH's proactive approach towards fostering diversity and balance within the board. Through this careful selection, FIH aims to bring on board a wealth of experience from various sectors, including yachting, luxury goods, corporate governance, investment matters, and capital markets. This diversity of expertise is poised to support the continuity of Ferretti's existing management and optimize its business strategy going forward.
Moreover, in conjunction with the submission of nominations, FIH has initiated a proxy solicitation to facilitate shareholder engagement ahead of the AGM. To ensure transparency and accessibility, they have established a dedicated website, which will host all relevant materials pertaining to the AGM. Shareholders will find not only the slate of nominees alongside detailed biographies but also proxy solicitation materials including notices and forms. FIH strongly encourages all shareholders to actively participate in the voting process, whether by attending the AGM or submitting proxy votes, reinforcing a united approach towards the sustainable development of Ferretti.
Following its acquisition of Ferretti in 2012, FIH, along with its parent company Weichai Group, has been a steadfast supporter in both industrial and financial aspects, which has significantly benefitted the company during various phases of growth. Their involvement has led Ferretti to restore steady operations and achieve dual listings, thereby elevating its profile in international capital markets. FIH is committed to maintaining its role as a strategic investor while upholding its value as a controlling shareholder and championing Italian craftsmanship.
As they look to the future, FIH envisions the upcoming board renewal as an opportunity to enhance Ferretti's governance framework and promote a more efficient decision-making process. They prioritize communication with shareholders and responsiveness to market perspectives, aiming to bolster shareholder returns and improve capital market positioning.
Strategically, FIH intends to continue supporting the management team as they devise a comprehensive medium- to long-term plan for sustainable growth, advocating for unlocking the company's intrinsic potential. They recognize the importance of leveraging Ferretti's diversified portfolio to create resilience against market fluctuations while fostering business development opportunities.
From an operational viewpoint, Ferretti's established brand and market standing are a formidable asset. FIH respects and believes in the managerial expertise present and aims to support ongoing optimization of resource allocation within the company, ultimately boosting profitability and enhancing competitiveness.
Additionally, FIH is focused on enhancing employee welfare and career growth opportunities to reinforce motivation within the core team. By refining management incentive mechanisms, they seek to ensure that the company's workforce remains engaged and effective in driving sustained performance.
For any inquiries regarding the AGM, shareholders are directed to contact the Proxy Solicitation Agent, Sodali Co. Shareholders are encouraged to direct questions about voting logistics and proxy submission procedures to the dedicated agent while addressing any inquiries about FIH's strategies and announcements to FIH directly.
This announcement illustrates FIH's commitment to building a resilient and well-governed Ferretti, ensuring its status as a leader in the luxury yachting industry. As they embark on this important phase of governance renewal, all eyes are on the results of the AGM and the future of Ferretti S.p.A.
The proposed slate consists of nine candidates, featuring an inclusive mix of five women and four men, with an emphasis on independence. Notably, four of these nominees are independent non-executive directors, reflecting FIH's proactive approach towards fostering diversity and balance within the board. Through this careful selection, FIH aims to bring on board a wealth of experience from various sectors, including yachting, luxury goods, corporate governance, investment matters, and capital markets. This diversity of expertise is poised to support the continuity of Ferretti's existing management and optimize its business strategy going forward.
Moreover, in conjunction with the submission of nominations, FIH has initiated a proxy solicitation to facilitate shareholder engagement ahead of the AGM. To ensure transparency and accessibility, they have established a dedicated website, which will host all relevant materials pertaining to the AGM. Shareholders will find not only the slate of nominees alongside detailed biographies but also proxy solicitation materials including notices and forms. FIH strongly encourages all shareholders to actively participate in the voting process, whether by attending the AGM or submitting proxy votes, reinforcing a united approach towards the sustainable development of Ferretti.
Following its acquisition of Ferretti in 2012, FIH, along with its parent company Weichai Group, has been a steadfast supporter in both industrial and financial aspects, which has significantly benefitted the company during various phases of growth. Their involvement has led Ferretti to restore steady operations and achieve dual listings, thereby elevating its profile in international capital markets. FIH is committed to maintaining its role as a strategic investor while upholding its value as a controlling shareholder and championing Italian craftsmanship.
As they look to the future, FIH envisions the upcoming board renewal as an opportunity to enhance Ferretti's governance framework and promote a more efficient decision-making process. They prioritize communication with shareholders and responsiveness to market perspectives, aiming to bolster shareholder returns and improve capital market positioning.
Strategically, FIH intends to continue supporting the management team as they devise a comprehensive medium- to long-term plan for sustainable growth, advocating for unlocking the company's intrinsic potential. They recognize the importance of leveraging Ferretti's diversified portfolio to create resilience against market fluctuations while fostering business development opportunities.
From an operational viewpoint, Ferretti's established brand and market standing are a formidable asset. FIH respects and believes in the managerial expertise present and aims to support ongoing optimization of resource allocation within the company, ultimately boosting profitability and enhancing competitiveness.
Additionally, FIH is focused on enhancing employee welfare and career growth opportunities to reinforce motivation within the core team. By refining management incentive mechanisms, they seek to ensure that the company's workforce remains engaged and effective in driving sustained performance.
For any inquiries regarding the AGM, shareholders are directed to contact the Proxy Solicitation Agent, Sodali Co. Shareholders are encouraged to direct questions about voting logistics and proxy submission procedures to the dedicated agent while addressing any inquiries about FIH's strategies and announcements to FIH directly.
This announcement illustrates FIH's commitment to building a resilient and well-governed Ferretti, ensuring its status as a leader in the luxury yachting industry. As they embark on this important phase of governance renewal, all eyes are on the results of the AGM and the future of Ferretti S.p.A.
Topics Business Technology）
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