Bernardo Caprotti, founder and owner of supermarket chain Esselunga, has stepped down as chairman. Caprotti made the announcement himself and said the move will help the private chain “have a proper management”. He said that he will retain “an operating role” in human resources at Esselunga.
Caprotti will also retain his board seat.
He added that the company will refurbish its outlets across northern and central Italy. When asked whether a listing on the stock markets of Esselunga would be possible, he said “the company will never go public”.
The board will name the new chairman next week, Caprotti said.