Ferretti Group Chairman Tan Xuanguang and the board of directors have appointed Ferruccio Rossi (pictured) as the group’s new managing director. Rossi has been managing director for Riva, a Ferretti Group division, since 2006, while simultaneously serving as Ferretti Group America country manager. In addition to his insider knowledge and yachtbuilding experience, Rossi brings a strong background in finance to the Italian boatbuilding group, which is now owned by the SHIG-Weichai Group of China. A graduate of the London Business School, he has worked for KPMG Consulting, ING Barings and JP Morgan Chase & Co. Rossi, who grew up on Italy’s Ligurian Coast, is also a lifelong boater. Founder Norberto Ferretti, who was present at the Cannes boat show, was named honorary chairman of the Ferretti Group and will continue to represent the company to the global yachting industry.
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