Italy’s Ferretti Group has announced that Lamberto Tacoli is leaving the company at the end of his mandate as president and CEO of CRN SpA.

The shareholders’ assembly of CRN SpA has appointed a new board of directors. The board is now formed by Ferretti Group CEO Alberto Galassi as chairman, Piero Ferrari, Stefano de Vivo, Giordano Pellacani, Italo Valenti and Marco Zammarchi.

“Ferretti Group thanks Lamberto Tacoli for having served for many years in different Ferretti Group companies and confirms its trust to Tacoli in his role of chairman of the Association Nautica Italiana, where he will continue to represent the interests of the Italian nautical industry,” the shipyard says in a statement.

Lamberto Tacoli has served 21 years at the Ferretti Group, including 16 years at CRN.