Giuseppe Mastrolia appointed Interim Chief Executive Officer of Princes Group

The appointment marks the beginning of a new chapter for Princes Group and also represents an important development for the wider NewPrinces Group, within which Princes Group is a significant and strategically important industrial component.

Giuseppe Mastrolia brings to the role over a decade of leadership experience, having served as Chief Executive Officer of the NewPrinces Group for nine years prior to joining Princes Group in July 2024 as an Executive Board member. Since autumn 2025, he has held the role of Chief Commercial Officer of Princes Group, working closely with the British team and making a key contribution to the development and execution of the Group’s commercial strategy.

Throughout his career, he has held a number of senior leadership positions, gaining extensive experience across key business areas, including commercial strategy, business development, operations, procurement and M&A. His deep understanding not only of the NewPrinces Group, but also of Princes and its dynamics, together with his close collaboration with the leadership team over the past two years, ensures continuity during this transitional phase.

The appointment of Giuseppe Mastrolia ensures the continued delivery of Princes Group’s long-term strategy, with a focus on operational excellence, commercial growth, brand strengthening, investment in production capabilities and the creation of sustainable long-term value for shareholders.

On his first day in the new role, Giuseppe Mastrolia said:

“It is a privilege to lead Princes Group at such an exciting stage in our journey. We have built an exceptional platform for growth, with fantastic brands, world-class manufacturing capabilities and talented people across the Group. My priority is to build on that momentum by executing with pace, maintaining a relentless focus on our customers and delivering sustainable long-term value for our shareholders.”

“As we continue to bring our businesses together, we will focus on turning our scale into leadership. That means working as one Group, simplifying the way we operate, making decisions faster and challenging every cost without ever compromising on quality. Above all, we will remain committed to doing what we say we will do – for our customers, our partners, our colleagues and our shareholders.”

“Princes has earned the trust of customers for more than 140 years, and I am incredibly proud to lead the business into its next chapter. Together, we have the people, the capabilities and the ambition to accelerate our growth and build an even stronger Princes for the future.”

The appointment is part of a broader path of continuity and development, supporting the Group’s long-term strategy and growth objectives.