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Ferretti S.p.A. ( (IT:YACHT) ) has shared an update.
Ferretti S.p.A. announced that its newly appointed Board of Directors held its first meeting, confirming the governance structure for the new term. The board named Stassi Anastassov as Chief Executive Officer and confirmed Tan Ning as Executive Director, both serving as executive directors alongside a majority of non-executive members.
The board verified that four of the nine directors, as well as all members of the Board of Statutory Auditors, meet the required independence criteria under Italian law, the Italian Corporate Governance Code and Hong Kong listing rules. It also established key board committees, including a combined Control, Risk and Related Parties Committee and a Remuneration Committee, reinforcing Ferretti’s governance framework for investors across its dual listings.
The Control and Risk Committee, also serving as the Related Parties Committee, will be chaired by independent director Patrick Sun, with independent directors Zhu Yi and Donatella Sciuto as members. The Remuneration Committee will be chaired by independent director Zhu Yi and will include independent directors Patrick Sun, Federica Marchionni and Donatella Sciuto, along with non-executive director Zhang Xiaomei, underscoring an emphasis on independent oversight of pay and risk matters.
More about Ferretti S.p.A.
Ferretti S.p.A. is an Italy-based joint-stock company listed on Euronext Milan and the Hong Kong Stock Exchange, operating in the luxury yacht and leisure boat sector. The group focuses on designing, manufacturing and selling high-end recreational vessels, targeting affluent global customers and key international marine markets.
See more insights into YACHT stock on TipRanks’ Stock Analysis page.