Ferretti, Kkcg's list for the board of directors presented, Galassi and Al-Kharafi are on it

Kkcg Maritime has presented its list of candidates for the Ferretti Group's board of directors ahead of the general shareholders' meeting on 14 May, following the recent voluntary partial takeover bid for the group's shares, which took the Czech group's stake led by Karel Komárek to 23.23%. Among the names on the list are Alberto Galassi, today Ferretti's CEO, who is proposed again as managing director, and Komárek himself, candidate for chairman of the board. But the group also includes Bader Al-Kharafi, a Kuwaiti entrepreneur whose company, Bnk holding, recently acquired 5% of Ferretti, as well as Piero Ferrari, currently vice-president of the nautical company, and Stefano Domenicali, now a board member.

Kkcg emphasises in a note, 'the proposed list aims to ensure continuity in management, including Galassi's role as CEO, while strengthening the governance and effectiveness of the board of directors through a more balanced and independent composition, capable of constructively stimulating, supporting and enhancing the management'. In short, the aim is to create a board in which the Chinese of Weichai, Ferretti's reference shareholders with 39.25% of the shares, will have a reduced role.

Bnk holding and Kkcg, together, have 28.2% of Ferretti but their list could be joined by other shareholders of the Italia group: Danilo Iervolino, with 4.96% and the Bombassei family, with 2%. And if to these were to be added the shares of the American Biglari holdings, a company owned by Sardar Biglari, which holds 3.4% of the company, the share weight of the consortium would rise to around 38.8% (assuming that, in the meantime, some of the aforementioned parties have not acquired other shares, with changes not yet recorded in the capital), a percentage not far from that of the Chinese shareholders.

Kkcg's list therefore includes Alberto Galassi (as ceo and executive director), at the helm of Ferretti since 2014; Katarína Kohlmayer, cfo of Kkcg; Piero Ferrari, Ferrari's vice-chairman and non-executive director as well as honorary chairman of Ferretti; Bader Al-Kharafi, ceo of Zain group and significant shareholder of Ferretti; Kamil Zeman, a manager at Kkcg; Stefano Domenicali (independent), ceo of Formula 1; Zuzana Prokopcová (independent), with experience in auditing; Jane Townsend (independent), an English lawyer specialising in m&m; Francesca Filippini Pinto (independent), an Italian-British senior executive.