Finance
Ferretti Shareholders File Rival Board Slates Ahead of May 14 Showdown
Published by Global Banking & Finance Review®
Posted on April 20, 2026
1 min readLast updated: April 20, 2026
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KKCG Maritime, now holding about 23% of Ferretti after its partial tender offer, has submitted a rival board slate—including Karel Komárek for president and Alberto Galassi for CEO—to challenge the Weichai-backed incumbent slate proposing Tan Ning as chair ahead of the May 14 AGM.
Ferretti Shareholders Set for Boardroom Showdown at May 14 Meeting
Rival Shareholders Prepare for Ferretti Board Election
MILAN, April 20 (Reuters) - The two largest shareholders of Ferretti on Monday filed rival slates of candidates for the renewal of the Italian yacht maker's board, setting the stage for a battle at the company's annual meeting on May 14.
KKCG Maritime's Board Proposals
Czech investor KKCG Maritime submitted a list of nominees including KKCG's founder Karel Komarek for president and proposing to confirm Alberto Galassi as chief executive.
KKCG's Stake and Board Overhaul Intentions
The Czech firm, which last month increased its stake to around 23% of Ferretti's capital, said it wanted to overhaul the firm's board, currently dominated by representatives of China's Weichai Group which has a 39.5% stake.
Weichai Group's Board Proposals
Weichai's Nominees and Leadership Plans
Weichai's slate contains no explicit nominee for the chief executive role, and proposes Tan Ning as chair.
Reporting and Editorial Credits
(Reporting by Elisa Anzolin, editing by Gavin Jones)
Key Takeaways
- •KKCG Maritime ramped up its stake to ~23.25% via a €115.5M tender offer, positioning itself for a governance shakeup. (tipranks.com)
- •Ferretti’s board, dominated by Weichai (with ~39–39.5% stake), recommended shareholders reject KKCG’s partial takeover bid as “not fair and not reasonable.” (prnewswire.com)
- •Ferretti has published full AGM documentation for its May 14 meeting, where the board elections will be decided. (tipranks.com)
References
Frequently Asked Questions about Ferretti shareholders file rival board slates ahead of May 14 showdown
1Who are the largest shareholders of Ferretti?
The largest shareholders of Ferretti are KKCG Maritime, holding around 23%, and China's Weichai Group, holding 39.5%.
2What is the purpose of the May 14 Ferretti meeting?
The May 14 meeting will decide on the renewal of Ferretti's board as shareholders filed rival candidate slates.
3Who has KKCG nominated for Ferretti's board?
KKCG Maritime has nominated its founder Karel Komarek for president and proposes to confirm Alberto Galassi as chief executive.
4Who did Weichai Group propose for Ferretti's board chair?
Weichai Group has proposed Tan Ning as chair in their slate for the Ferretti board.
