June 4, (THEWILL)- In a significant leadership transition, Serie A champions, Inter Milan, are set to appoint their sporting CEO, Giuseppe Marotta, as the club’s new president. The change comes as part of a broader restructuring following the recent acquisition by US investment firm Oaktree, who took control of the club last month.
Marotta, widely credited as the mastermind behind Inter’s resurgence in European football, will succeed outgoing president, Steven Zhang. The appointment is scheduled to be formalised at a shareholders’ meeting in Milan later on Tuesday, where a new board will also be instated. This transition follows Oaktree’s takeover, which occurred just days after Inter claimed their 20th Serie A title when previous owners Suning failed to repay a substantial €395 million (£336 million) loan.
Marotta expressed his gratitude in a statement that read in part: “I would like to thank Oaktree for the trust they have shown in giving me this opportunity to work alongside them and the Board.” He further added, “This appointment is an acknowledgement of the fantastic work of the many people who have run the Club over the last three years.”
Since joining Inter in 2018 as head of football operations under Suning and Zhang, Marotta’s tenure has been marked by remarkable success. Under his leadership, the Nerazzurri have clinched two Serie A titles, two Italian Cups, and three Italian Super Cups. Moreover, they have reached the pinnacle of European competition, contesting the finals of both the UEFA Champions League and Europa League.
The 67-year-old executive brings a wealth of experience to his new role. Before his stint at Inter, Marotta served as CEO at Juventus for eight trophy-laden years, further solidifying his reputation as one of football’s most astute administrators.
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Jude Obafemi is a versatile senior Correspondent at THEWILL Newspapers, excelling in sourcing, researching, and delivering sports news stories for both print and digital publications.
