Ferretti CEO Criticizes Weichai Before Shareholder Vote
CEO Alberto Galassi criticized Weichai Group for a 'lack of industrial vision' ahead of a May 14 meeting. Czech investor KKCG is seeking to overhaul the board.
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FERRETTI SPA CEO Alberto Galassi criticized top shareholder Weichai Group for a lack of industrial vision ahead of a May 14 proxy battle. Czech investor KKCG Maritime recently raised its stake to 23%, challenging Weichai's 39.5% control of the Italy-based yacht-maker. The leadership rift threatens strategic stability as competing factions propose rival board slates for the upcoming annual meeting.
