Investor Presentaiton
Ferrero Group
Sustainability Report 2022
Governance
Introduction
Our sustainability
progress
Our reporting
F
Ferrero's governance structure
ensures that sustainability is
embedded across the Ferrero Group
as we continue to expand into new
markets and advance our
sustainability agenda.
We have in place policies and programmes to
help us guide our practices and manage
impacts across all locations where we operate.
Ferrero corporate governance
Ferrero is a privately held, family-owned
company, and adapts a traditional corporate
governance model. The Shareholders' Meeting,
Board of Directors, Executive Chairman and
Chief Executive Officer (CEO) guide projects
and initiatives in line with the long-term
strategic objectives of the Group, promoting
transparent and consistent communications
towards stakeholders.
The Board of Directors includes Ferrero family
and non-family members. It is assessed on a
regular basis to ensure an appropriate balance
of knowledge, skills and expertise, and a
proactive contribution from all the Board
members to achieve the Group's goals.
The Executive Chairman, Mr. Giovanni Ferrero,
is responsible for the review and approval of
the Group's long-term strategic direction in line
with our culture and values, as well as defining
new business directions and ground-breaking
innovations. He leads the Strategic Staff¹,
Group Leadership Team (GLT), the Audit
Committee and the following Group Boards:
• Human Resources (HR) & Organisation
•
Development Board
Industrial & Supply Board
Product Board
Procurement Board
Reputation Board
The CEO, Mr. Lap Civiletti, is responsible to
ensure the Group achieves its short- and
mid-term results in line with the long-term
direction set by the Executive Chairman,
ensuring business continuity and maximising
Ferrero's capabilities to:
• Contribute to the definition of business
targets, in line with the long-term
guidelines.
• Secure the achievement of business
targets by operations (budget and one to
three-year plan).
• Oversee and manage trade-offs and sales
among functions and areas.
• Enhance the protection of Ferrero's Group
know-how and foster its continuous
development.
• Ensure continuity in Ferrero values and
promote a culture which fosters innovative
product development.
The CEO leads the Group Management Team
(GMT), which comprises the heads of the
following functions:
• Areas - Europe, International, APAC-MEA,
North America
Global Brands
Human Resources and Organisation &
Improvement
Legal
• Procurement & HCo
• Sales Business Development
Strategy, CSR
& Sustainability
Strategic R&D
& Quality Audit
ה
HR&OI
Finance
As of 31 August 2022, the Group was
composed of 109 consolidated companies,
managed under Ferrero International S.A.,
the parent company based in Luxemburg.
1. The Strategic Staff comprises of Strategic R&D & Quality
Audit, Strategy, CSR & Sustainability, Financial Planning
& Control Mergers & Acquisitions, and New Business.
Ө
m
Executive Chairman
Boards/Committees
CEO
FID
Institutional
Affairs &
Corporate
Communications
+3
CEO OFFICE
Financial Planning
& Control M&A
New Business
• Planning
⚫ Business Intelligence
• Operational Excellence
• Media Procurement & Governance
FTTTT7
IT
Legal
Sales Business
Development
Industrial & Supply
·
Information & Technology
Institutional Affairs & Corporate
Communications
Europe
International
North
America
APAC-MEA Global Brands
Soremartec
Industrial &
Supply
• Finance
Procurement
& HCo
OPERATIVE STAFF
STRATEGIC STAFF
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