Madrid to Host 29th Tiepolo Award Ceremony November 17
The annual prize will honor Giovanni Ferrero and Benito Tesier for their contributions to Italian-Spanish commercial ties.
Updated on Oct. 27, 2026 in Business — General
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The Italian Chamber of Commerce and Industry for Spain and the Spanish Confederation of Business Organizations will hold the 29th Tiepolo Award ceremony on November 17, 2026. The event at the Italian Embassy in Madrid recognizes Giovanni Ferrero and Benito Tesier for fostering economic cooperation between the two nations.
Why it matters
The award highlights the Ferrero Group's decision to utilize Spain as a strategic industrial platform and honors Benito Tesier for his integration of local entrepreneurial expertise into Brembo's international strategy. These efforts reflect the deepening commercial integration between Italian and Spanish business sectors.
The Ferrero Group generates nearly 20 billion euros in annual revenue with over 50,000 employees worldwide. The firm recently committed 140 million euros toward modernizing its production facility in Alzira.
The players
Giovanni Ferrero
He is a prominent business leader and key figure within the global confectionery enterprise founded by his family.
Benito Tesier
He serves as the president of Ceoe Aragón and has been instrumental in aligning regional business strategies with international partners.
Ferrero Group
This multinational company is a major player in the global food industry with extensive production operations across Europe.
Brembo
A global leader in the production of automotive braking systems that has expanded its footprint through the acquisition of Spanish firms.
Italian Chamber of Commerce and Industry for Spain
This organization facilitates economic cooperation and commercial exchange between Italian and Spanish markets.
The details
Recipients were selected for their significant impact on economic and commercial relations between Italy and Spain. The Ferrero Group, founded in 1946, has made the Alzira facility its primary European technology hub for ice cream production following its 2021 acquisition of Ice Cream Factory Comaker.
Timeline
The Ferrero Group was founded in Alba in 1946.
Ferrero Ibérica was established in 1988.
The Tiepolo Award was established in 1996.
Benito Tesier became president of Ceoe Aragón in January 2026.
The award ceremony will take place on November 17, 2026.
Market Landscape
The ceremony follows a long-standing pattern set by the Tiepolo Award to honor business leaders who facilitate cross-border economic growth between nations. Such recognition reflects a broader trend of industrial consolidation as Italian firms increasingly leverage Spanish infrastructure for European expansion.
Readers interested in international business trends should note how these corporate investments impact regional production hubs like Alzira. Consumers may observe shifts in product availability and manufacturing origins as firms like Ferrero continue to integrate their European supply chains.
The takeaway
This event underscores the importance of strategic industrial partnerships in modern cross-border commerce. Business leaders can learn from how major firms effectively utilize regional infrastructure to anchor their growth strategies in foreign markets.
What happens next
The Tiepolo Award ceremony is scheduled to occur on November 17, 2026, at the Italian Embassy in Madrid.
Further reading
For more on international corporate developments, visit the Business — General section.
Source note: This article includes information reported by ANSA.
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