Filippo Marchi has stepped down as general manager of Italian dairy group Granarolo.

Marchi will leave Granarolo on 31 October after a tenure of over 22 years at the business and eight as general manager.

According to a statement from the co-operative-owned group yesterday (15 October), the move causes “no disruption” with president Stanislao Giuseppe Fabbrino in place to "ensure the group's full operational, management, and decision-making continuity".

Fabbrino was appointed in April upon the resignation of Gianpiero Calzolari after he reached the age of 70.

Fabbrino is already a director of both Granarolo and Granlatte, the co-op that is the company’s controlling shareholder.

Marchi became general manager in 2017, having held various senior positions including business unit director for Italy and non-European countries.

Before joining Granarolo, he worked for French beauty group L'Oréal and dairy company Danone.

From November, Fabbrino will take responsibility for “proposing and coordinating the implementation of the general strategic guidelines for a new and further phase of growth and development for the group, both in the economic and financial fields and on the market”, Granarolo said in yesterday's statement.

He highlighted “operational efficiency and effectiveness, as well as further growth in internationalisation” as business “priorities”.

In 2025, Granarolo increased sales but saw operating and net profit decline.

Consolidated revenue increased to €1.81bn ($2.13bn) from €1.72bn in 2024, while like-for-like sales, excluding currency effects, rose 5.2%, driven by growth in international markets and price hikes. Italy generated 60% of the group's revenue.

EBITDA reached €100.5m, a 5.5% rise compared to the previous year.

However, EBIT declined 13.8% to €28.2m, while net profit fell 43.3% to €5.5m.

Meanwhile, in May, Granarolo sold its Unconventional plant-based foods business to Italian peer Amadori.