Campari CEO Bob Kunze-Concewitz announced he would be retiring next April to pursue his personal passions.

During his 16-year tenure as CEO, Kunze-Concewitz oversaw 27 acquisitions that helped the company grow by approximately three times in net sales and profitability.

“Leading Campari Group has been an incredible honor, the most exciting professional journey in my career. The strong health of our brands and our robust organization allow me to retire to pursue my passions and enjoy family life to the fullest,” said Kunze-Concewitz.

Campari’s succession planning is in process. The board of directors has appointed Matteo Fantacchiotti, MD, Asia Pacific, as deputy CEO, who will succeed as CEO in April next year.

“The impressive achievements of the group under Bob’s visionary leadership inspire me to continue on this journey, building on our proven growth strategy in continuity with the past, combining strong brand-building with value-enhancing acquisitions. I look forward to continuing working with Campari Group’s management team, which I will have the privilege to lead and with whom we will take our company to the next phase of its transformational growth journey,” stated Fantacchiotti.

Kunze-Concewitz is expected to become a non-executive director of the company after his retirement.

The company owns the Wild Turkey and Russell’s Reserve Bourbon brands.

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