Pro-Gest Group's founder Mr Bruno Zago announces that Mr Francesco Zago will be taking over the role of the Group CEO from 2021.
Mr Francesco Zago commented: "I am honored to take over from my father, who has always been an inspiration and role model. My ambition is to continue the development of our Group, working together with my three sisters, Benedetta and Valentina heading the important business units of industrial packaging, fruit & vegetables trays, take-away and bags; Alessandra will lead international procurement for the whole Group. It's my intention to continue supporting the Companies through the strength of the Family, also supported by a qualified Management Team. We have invested over Euro 500 million in the last five years, including our flagship Mantua plant, and we can now harvest these investments and realize growth, consistent with the targets set in our business plan."
Mr Francesco Zago added: "To achieved our growth ambitions, we will continue to strengthen the Group with additional strategic hires as we did earlier this year with Mr Paolo Fregolent, who has been nominated Group CFO, and Mr Silvano Storer, as Financial Planning and Advisor to the Board".
Pro-Gest Group will be broadening the Board of Directors from its current 5 (Bruno Zago, Francesco Zago, Anna Maria Gasparini, Benedetta Zago and Valentina Zago) to 9 members. Mrs Alessandra Zago, Mr Silvano Storer and two independent Board members will be nominated to join the Board, which will be led by Mr Bruno Zago as Chairman and Mrs Anna Maria Gasparini as Deputy Chairman. These positions will come into effect by end March 2021.
Pro-Gest Group is an Italian leading vertically-integrated producer of recycled paper, containerboard, corrugated cardboard and packaging solutions.