After 16 years of leading beverage maker Davide Campari-Milano NV, Chief Executive Officer Bob Kunze-Concewitz has announced his retirement, which will take effect in April next year.

The company has appointed Matteo Fantacchiotti, the managing director for the Asia-Pacific region, as the deputy CEO starting from now. He will work closely with Kunze-Concewitz to ensure a smooth transition. In April, he will take over as the new CEO of the company.