(Alliance News) - Campari NV announced Tuesday that Bob Kunze-Concewitz, the company's CEO, has informed the board of his decision to retire as of the April 11, 2024 shareholders' meeting.

Kunze-Concewitz will remain on the board as a nonexecutive memebro.

The board selected Matteo Fantacchiotti, Managing Director Business Unit Asia-Pacific, as the new CEO. To ensure a smooth, orderly and gradual handover, Matteo was appointed Deputy CEO effective immediately.

As of today, Bob Kunze-Concewitz holds 500,170 shares of Campari common stock.

Campari trades down 5.0 percent at EUR11.27 per share.

By Claudia Cavaliere, Alliance News reporter

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