JEDDAH: Illycaffe, one of Italy’s largest coffee roasters, has appointed a new chief executive officer ahead of its plan to list, according to Bloomberg.
The board replaced Massimiliano Pogliani with Cristina Scocchia, in order to make a “positive phase on capital markets,” said the company.
Scocchia is currently CEO of cosmetic company Kiko, and will take up her new role on Jan 1.
Illycaffe agreed last year to sell a minority stake to New York-based Rhone Capital LLC.