Giovanna Vitelli, Chair of Azimut|Benetti Group, has been honored as the National Winner of the 2024 EY Entrepreneur of the Year® Award, marking the twenty-seventh edition of this prestigious recognition.The award was conferred by an independent jury comprising representatives from various institutions, economics, and industry sectors, who commended Vitelli for her leadership in steering the company towards not only increased growth and profitability but also for her commitment to technological innovation, sustainability, employee welfare, and corporate social responsibility.Giovanna VitelliThis accolade is bestowed annually by EY, the global leader in professional services, on Italian entrepreneurs who significantly impact their country’s economic, social, and environmental landscape. The award recognizes those who excel in transformation, innovation, and sustainability amid evolving challenges.Vitelli began her journey in corporate law before joining the Board of Directors of her family-owned Azimut|Benetti Group in 2000. She advanced through the ranks, eventually becoming Chair in 2023. Under her leadership, the Group — a global leader in mega yacht manufacturing — reported a revenue of 1.3 billion euros in the last financial year, reflecting a remarkable 55% growth over the past four years.Staying true to the mission and values instilled by her father, Vitelli emphasizes continual investment in innovation as essential to maintaining leadership and creating value for both people and the local community. The Group's product development strategy aligns with the aspirations of both the Azimut and Benetti brands, focusing on setting new trends in onboard lifestyle and pursuing technological advancements to minimize environmental impacts.Since the start of her entrepreneurial journey, Vitelli has challenged conventional nautical design by encouraging teams to rethink onboard spaces, resulting in offerings that emphasize contemporary living with a focus on elegance, conviviality, and connection to the sea. Noteworthy innovations include Benetti's Oasis Deck® and Azimut's Seadeck Series, both of which have become market leaders.In terms of environmental sustainability, the Group's strategic approach melds practical solutions with visionary goals, achieving leading results in emissions reductions through advancements like weight reduction, high-efficiency hull designs, hybrid propulsion, and smart onboard power management. Additionally, in partnerships with independent organizations and academic institutions, they advocate for establishing certification standards for consumption and emissions, promoting a more responsible industry.To support this vision, Vitelli has initiated efforts to enhance managerial culture and governance, establishing the Azimut|Benetti Group Corporate Academy, which focuses on professional development and the cultivation of Italian excellence in technology, engineering, and manufacturing, while also aiding the next generation entering the yachting sector."This award signifies recognition for the achievements of our entire Group as we guide our clients into a new era of yachting and a renewed relationship with the sea,” stated Giovanna Vitelli. “As a family company, we have the unique opportunity to focus on long-term value. Today, that commitment means reducing emissions to foster a more sustainable nautical industry that can inspire others to follow suit, all while merging unparalleled beauty with advanced technology. I extend my gratitude to the 2,250 dedicated individuals at Azimut|Benetti Group worldwide, who, alongside me, continue to navigate this journey."Founded in 1873, Benetti is the oldest Italian shipyard specializing in luxury yachts. Benetti designs, builds and sells composite vessels from 29 to 44m and steel and aluminum boats from 37 to over 100m. The fleet consists of five categories: Class, Oasis, B.Yond, B.Now and Custom to meet all the needs of the market. Benetti belongs to the Azimut|Benetti Group, the largest privately owned luxury yachting group in the world.Credits: Benetti
November 8, 2024