Italian shipyard Perini Navi has appointed Fabio Boschi as chairman of the board of directors and Fabio Perini as honorary chairman.

Boschi has served as CEO of Perini Navi’s holding company, Faper Group, since 2009. Faper controls a group of companies that operate in paper machinery, real estate and various other industries.

Boschi was previously in charge of investment banking for a major Italian bank and, for a decade, he worked in strategic consulting and corporate finance with KPMG in Italy and the UK.

Perini Navi designs and builds large sailing yachts and motoryachts under the Picchiotti brand name. The group is comprised of the Perini Navi shipyard in Viareggio, the Picchiotti shipyard in La Spezia, Perini Istanbul-Yildiz in Turkey and Perini Navi USA.