Lucart, the Italian multinational group known for the Tenderly, Tutto Pannocarta, Grazie EcoNatural and Lucart Professional brands, announces the Board of Directors renewal with Francesco Pasquini appointed as CEO. Massimo Pasquini, who has led the Group since 2004, is confirmed as Chairman.
After signing the transaction with which Azzurra Capital acquires a strategic shareholding in Pasfin S.p.A., the holding company that entirely controls Lucart S.p.A., the Board of Directors members are now: Massimo Pasquini – Chairman; Francesco Pasquini – Chief Executive Officer; Alessandro Pasquini, Lorenzo Pasquini and Tommaso De Luca – Executive Directors; GianErnesto Bernardi, Cristina Ferrari, Federico Lovadina and Massimo Innocenti – Non-Executive Directors.
“I am honoured by the trust the Board of Directors has placed in me. I intend to build on my years of experience as head of sales and marketing to lead Lucart to achieve the ambitious growth and profitability targets set out in the Group’s strategic plan”, commented Francesco Pasquini, CEO of Lucart. “Social and environmental sustainability have always been our guiding factors and, strong of the Group’s more than 70 years of history, I am sure that we will be able to improve day by day and keep introducing technological innovations. We have immediately established a relationship of full trust and collaboration with Azzurra Capital and together we are studying a growth and expansion plan that will drive the company to achieve new goals”.
Stefano Marsaglia, founder and CEO of Azzurra Capital, commented: “We are very pleased to have completed our entry into Lucart and are convinced that we can contribute to further significant growth of the Group. Our strategy is to invest in companies with a leading position in their business sector in Italy and international markets: Lucart is a perfect example of such a strategy. I would like to take this opportunity to congratulate Francesco Pasquini following his appointment as CEO and we are sure he will be very successful and has all the support of Azzurra Capital”.
Francesco Pasquini, 44, joined Lucart in 2005 after earning a degree in Economics of Financial Institutions and Markets from Bocconi University in Milan. We worked in Europe and China in the banking and business consulting sector. He has been a member of the Board of Directors since 2021 and today will continue to hold the position of Group Sales and Marketing Director, coordinating the three business areas (Away from Home, Consumer, Business to Business).
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