With an eye on the stock market, Italy’s Illycaffe picks new CEO By Reuters – Investing.com
- Date: 15-Nov-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
With an eye on the stock market, Italy’s Illycaffe picks new CEO By Reuters – Investing.com
MILAN (Reuters) - Illycaffe has chosen Cristina Scocchia, current boss of cosmetic company Kiko, to become chief executive at the start of next year as the Italian premium coffee maker gears up for a potential stock market listing.
The company controlled by the Illy family said that Scocchia would in January succeed current CEO Massimiliano Pogliani, who five years ago became the first non-family member to take charge of the group.
Under his leadership, Illycaffe completed the sale of a 20% stake to private equity firm Rhone Capital last February, opening up its capital to an external investor for the first time in its 88-year history.
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