Ferretti Group CEO, Salvatore Basile passed away suddenly on Sunday after suffering a heart attack, at just 58.
The sudden death of Salvatore Basile, CEO of the Ferretti Group, is a loss to family, the company and broader industry.
Basile began his career in the late 1970s working for CM-Carlo Mazzo, serving in roles of increasing responsibility in the groups ZF, Saeco, Demm SpA, De Longhi and Baxi SpA. He was appointed CEO at Ferretti in 2009, where the company stated: 'he superbly managed its reorganization and relaunch project'.
In a statement, Ferretti said: '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.
'The entire Ferretti Group team, Chairman Norberto Ferretti, the Board of Directors and the Executive committee, are deeply shaken by his premature death, and share the sorrow that Mrs Basile and family bear.'
Italy's Ferretti Group is a leader in the design, construction and sale of motoryachts. Its brands include: Ferretti Yachts, Pershing, Itama, Bertram, Riva, Mochi Craft, CRN and Ferretti Custom Line.
The Ferretti Group is also in Asia, with a branch of representation and promotion in Shanghai, as well as in the United States through Allied Marine.
More at www.ferrettigroup.com