Ferretti Group CEO passes away

FORLÌ, Italy — Ferretti Group CEO Salvatore Basile suddenly passed away yesterday after suffering a heart attack, according to the company. He was 58.

Basile began his career in the late ’70s working for CM-Carlo Miazzo. He went on to cover roles of increasing responsibility in the groups ZF, Saeco, Demm SpA, De Longhi and Baxi SpA. In 2009 he was appointed CEO at Ferretti Group, where he managed its reorganization and relaunch project.

“The entire Ferretti Group team, Chairman Norberto Ferretti, the Board of Directors and the Executive committee, deeply shaken by his premature death, share the sorrow that Mrs. Basile and family bear,” the company said in a statement. “He will always be remembered for the great love he had for his work, his strategic vision and strong, sensitive personality, qualities he managed to convey instantly to all group employees, with enthusiasm, motivation and strength.”

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