Early Life
Giovanni Ferrero was born in Farigliano, Italy, on September 21, 1964. He is the son of Maria Franca Fissolo and Michele Ferrero, the owner of Ferrero SpA, the global confectionery company. Giovanni studied at the European Schools in Brussels and marketing at Lebanon Valley College in the U.S..
Rise to Success
After completing his education, Giovanni returned to Europe to work in the family company. In 1997, he became joint CEO of Ferrero with his brother Pietro. Following Pietro's death in 2011, Giovanni became the sole CEO. He became executive chairman in 2015. Under his leadership, the Ferrero Group has expanded globally through strategic acquisitions and product innovation, solidifying its position as a leader in the confectionery industry.
Key Business Strategies
Giovanni has focused on both organic and non-organic growth. This included expanding into emerging markets and acquiring other confectionery companies. He oversaw the acquisition of Nestle’s entire U.S. confections business in 2018 for $2.8 billion. He has implemented strategies to maintain the company's legacy while embracing modernity, investing in innovation and sustainability, and ensuring the company's long-term success.
Philanthropy
The Ferrero Foundation, established by Michele Ferrero, supports retired employees and promotes cultural and social initiatives. Giovanni has expanded the foundation's reach into education, healthcare, and community development projects.
