[1/2] A bartender pours a drink at a Campari inauguration of a new brand house for Aperol, its best-selling beverage, in Venice.
Shares in Campari fell by more than 5% in Milan after the departure of Kunze-Concewitz, who is 56, was announced.
Under Kunze-Concewitz, Campari roughly tripled its net sales and profitability, investing around 3 billion euros ($3.2 billion) on acquisitions.
Sales of Aperol have increased by 12 times since 2007 and it has become the group's largest brand.
Kunze-Concewitz, an Austrian citizen who was born in Istanbul, will remain as a non-executive director at Campari.
Persons:
Manuel Silvestri, Bob Kunze, Matteo Fantacchiotti, Kunze Concewitz, Fantacchiotti, Italy's, Cristina Carlevaro, Elisa Anzolin, Keith Weir, Jason Neely, Alexander Smith
Organizations:
REUTERS, Asia Pacific, Nestle, Diageo, Carlsberg, Jefferies, Reuters, Thomson
Locations:
Aperol, Venice . Italy, Italian, Campari, Milan, Asia, Austrian, Istanbul