Piazza Affari liked the choice of Campari on Simon Hunt to take up the role of CEO, ahead of the ad hoc AGM to be held on January 15th.
“The board of directors announced that Simon Hunt has been selected as a candidate for the position of Chief Executive Officer,” a statement said. “The selection is the result of an in-depth evaluation of both internal and external candidates by the Compensation and Nomination Committee, the Leadership Transition Committee and the Board of Directors. The stock soars on the stock exchange and shortly after 10:6,09 am it is listed at 4,28 euros, up 6,16%, after a peak at 5,55%. Over the past year the stock had suffered, touching a low of XNUMX euros.
Campari also informed that, within the scope of the authorisation topurchase of treasury shares, has announced that it has purchased, from 25 to 29 November 2024, a total of 150.417 of its own shares at an average price of 5,6899 euros per share for a total value of 855.863,75 euros. With a maximum number of 8.000.000 Campari shares to be purchased under the share buyback program announced on 29 October, Campari announces that as of 29 November, a total of 652.038 of its own shares have been purchased.
Who is Simon Hunt?
An Australian and British citizen, Simon Hunt has been in the insurance industry for over 30 years. premium and luxury spirits, has demonstrated a solid track record in driving radical change and building global brands. He has developed extensive experience in international markets, particularly in the United States as well as in emerging markets, with strong strategic, management and leadership skills acquired through increasing responsibilities in the spirits markets and categories, as well as in major players in the sector, both listed and private.
In particular, he spent 14 years at William Grant & Sons, owner of the world’s best-selling single malt Scotch whisky portfolio, as well as other leading brands in the gin and tequila categories. Over the years, he has taken on increasing responsibilities, from President and CEO of North America to Chief Commercial Officer, and finally served as CEO from 2016 to 2020.
Simon Hunt began his career at Diageo, where he held various global and local sales and marketing leadership positions, including Vice President of Smirnoff Global Marketing. He then joined Allied Domecq as Senior Vice President of Global Innovation and Executive Vice President of Marketing North America, before moving to Pernod Ricard as Chief Executive Officer and President of Malibu-Kahlua International.
Most recently, after two years as a strategic advisor to CEOs and boards of premium spirits companies, Simon Hunt was appointed CEO ofglobal spirits incubator Catalyst Spirits in 2022, where he led the company’s strategic initiatives and innovation in “digitally native” premium spirits brands. Catalyst Spirits is the operating company behind brands such as Howler Head, in which Campari Group acquired a minority stake and distribution rights in 2022, which is being wound down as Campari Group focuses on core priority brands.
