01/2009 –

Paolo Favilla, 45 years old, graduated in Economics at the “Luigi Bocconi” Commercial University in Milan is now the new CEO of Pershing, one of the nine brands of the Ferretti Group. Paolo Favilla began his professional career building up management experience at Mondadori Group, Contship Italia Group and Techint Group.

He was then CEO of Banknord S.p.A., a private investment bank, from 1999 to 2004, working within the sphere of consultancy. In 2004, he became General Manager of Grandi Navi Veloci as well as a board member of Grimaldi Holding S.p.A., favouring the entry of private equity funds into the Group’s capital.

Paolo Favilla takes the place of Fabio Fraternale, CEO of Itama S.p.A. who was also appointed CEO of Apreamare S.p.A. on November 2008. This is part of the strategic growth plan for Apreamare and Itama, aimed at further strengthening the activities of the two brands.

Paolo Favilla will work alongside Tilli Antonelli, Chairman and founder of Pershing S.p.A.. Mr Antonelli will continue to deal directly with the aspects of Pershing and Itama brand products.

The Ferretti Group was founded by Norberto Ferretti in 1968 and encompasses nine prestigious yacht brands: Ferretti Yachts, Pershing, Itama, Bertram, Riva, Apreamare, Mochi Craft, CRN and Custom Line.

Pershing Range on NauticNews.com

– PR –