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Guala Closures appoints ex-Campari man as CEO
Mauro Caneschi is joining Guala Closures as chief executive officer from the Campari Group, where he led EMEA and American units, including global travel retail.
He also comes to the firm with a history of positions at Heineken, Scottish & Newcastle and Danone Group with a focus on developing people, building brands and growing international businesses, as well as having acquisitions and integration. In particular, he has expertise in Guala Closure’s end-markets, it said.
The move will also see the current CEO and chairman Gabriele Del Torchio moving across to being solely chairman from this month (September 2023), after being appointed in April 2021 when the group was acquired by an investment company of Investindustrial VII L.P.
During the past two years, Del Torchio has led the business strategy which included expanding international manufacturing, research and development and product expansion, including premiumisation, and strengthening its presence in the luxury segment.
Commenting on the moves, Andrea C. Bonomi, chairman of the industrial advisory board at Investindustrial, said: “Investindustrial has had the privilege of working with Gabriele as Chairman and CEO over many years. We can fully attest to his significant contribution to the success, strategic direction and growth of these businesses. He is a first-class leader, and we are delighted that Guala Closures will continue to benefit from his significant experience and counsel as chairman.”
“We would also like to welcome Mauro Caneschi as CEO who has an impressive track record of growing international businesses and a keen vision and ambition. We look forward to working with him over the coming years.”
Del Torchio described Mauro Caneschi as “a highly talented individual” who had “a significant understanding” of the company’s end markets.
He said: “He also has a demonstrable ability to substantially enhance operational efficiencies across complex business structures and drive performance.”
Caneschi described the role as a “real privilege” and that he was “greatly looking forward to further internationalising the business” through both organic and potential M&A growth.
He said: “In addition, maintaining a strong client and R&D focus will be critical as we seek to continually innovate and position ourselves as the leading producer of speciality closures for spirits, wine, water and other beverages. I am excited about this opportunity and very keen to be working alongside Gabriele Del Torchio and Investindustrial to deliver substantial value growth in the coming years.”
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