The leadership shift comes at a pivotal moment as Middleby prepares for the spin-off of its Food Processing business, which is expected to be completed by the end Q2 2026.
The global agricultural merchant names a new finance head as it reports strong 2025 financial results and continued investment across key markets.
These appointments reflect IMCD’s commitment to placing experienced leadership at the helm of key territories to foster growth, enhance technical expertise, and streamline corporate governance within the global supply chain.
Under the new structure, Alessandro Nervegna, previously Chief Strategy and Innovation Officer, will be appointed CEO of Ferrero Core while Lapo Civiletti, the current CEO, will continue with the company as Vice President, Ferrero International S.A., and will assume the newly created role of President of Ferrero Ice Cream and WK Kellogg Co.
The appointments will strengthen commercial leadership and accelerate customer centric growth across its global operations.