Inter confirm Beppe Marotta has been named as the new club President.
Marotta has been named the new Inter President by club owners Oaktree.
The 67-year-old had been serving as the Nerazzurri CEO since 2018 after an eight-year spell at Juventus.
“F.C. Internazionale Milano S.p.A. (“Inter” or the “Club”) today announces the proposed appointment of Giuseppe Marotta as the new President and the new composition of the Club’s Board of Directors, which will be confirmed at a Shareholders’ Meeting in Milano later today,” the Nerazzurri said in a statement.
“The proposed appointments follow the recent change in ownership. On 22 May 2024, funds managed by Oaktree Capital Management, L.P. (“Oaktree”) assumed ownership of Inter following the non-repayment of Oaktree’s three-year loan to Inter’s holding companies.
“As part of Oaktree’s focus on operational and financial stability for Inter, it has proposed the appointments of the following new Board members:
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Alejandro Cano, Managing Director and Co-Head of Europe for Oaktree’s Global Opportunities strategy
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Katherine Ralph, Managing Director in Oaktree’s Global Opportunities strategy
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Renato Meduri, Senior Vice President in Oaktree’s Global Opportunities strategy
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Carlo Ligori, Associate in Oaktree’s Global Opportunities strategy
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Delphine Nannan, Senior Vice President in Oaktree’s Luxembourg office
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Fausto Zanetton, CEO of Tifosy Capital & Advisory
“The new Board brings together expertise from across Italy and Europe, including the Oaktree team who have partnered with the club since 2021. The new Board members will provide experience and skills that are essential to executing Inter’s long-term objectives and achieving consistent prosperity, growth and success for the club.”
Inter won five trophies during Marotta’s stay at the club, including two Serie A titles. A new era starts today for the Nerazzurri and the 67-year-old, one of the most experienced directors in Italian football.
“I would like to thank Oaktree for the trust they have shown in giving me this opportunity to work alongside them and the Board,” said Marotta.
“This appointment is an acknowledgement of the fantastic work of the many people who have run the club over the last three years. I am proud to be part of Inter and remain committed as ever to the club.”
Marotta recently signed a contract extension as the club’s CEO, which would have expired in June 2027.
This past March, he said he would have quit football at a club level after the end of his deal at the Stadio Meazza.
American fund Oaktree recently took control of Inter after previous President Steven Zhang failed to repay a debt of nearly €400m, including interest.
Oaktree reiterated in May that they are working to achieve “the best outcome for the long-term prosperity” of the club and to ensure its success on and off the pitch.