In 1975, he moved to Brussels, Belgium, where he studied at the European Schools.
[4][5] On completing his studies, he returned to Europe to work in the family company.
[6] In April 2011, after the death of his brother in a bicycling accident in South Africa, he became the sole CEO of Ferrero Group.
[6][7] Michele Ferrero died in 2015,[8] leaving the company solely in Giovanni's hands.
American business magazine Forbes reported that Giovanni Ferrero then took over the role of executive chairman in 2015, and held both the titles of CEO and executive chairman for two years until he hired Lapo Civiletti to take over the company's CEO position in 2017.