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The Piaggio Group and Foton Motor Group extend their partnership to electric light commercial vehicles webwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from webwire.com Daily Mail and Mail on Sunday newspapers.
Meeting after the death of the company Chair and CEO Roberto Colaninno, the Board of Directors of Piaggio & C. S.p.A. (PIA.MI) reformulated the corporate governance structure, after receiving the recommendations of the board committees. Director Matteo Colaninno has been appointed to the post of Executive Chair, with powers largely consistent with those he held previously. Director Michele Colaninno, who was already chief executive of global strategy, product, marketing and innova. ....
Entrepreneur Roberto Colaninno, chairman and CEO of scooter maker Piaggio and one of Italy's best-known dealmakers, has died, his investment company IMMSI said on Saturday. Colaninno was a central figure in the country's industrial landscape who managed to turn around a number of failing companies, but also left a mixed corporate legacy. He is most famous for his surprise $58 billion leveraged buyout of Telecom Italia in 1999, at the time the world's largest hostile takeover. ....
Colaninno started his career at auto parts maker Fiamm, then hooked up with one of the giants of Italian business, Carlo De Benedetti. They founded a finance company, Sogefi, that bought Fiamm from its British owner and transformed it into one of the most successful car parts suppliers in Europe. ....
Roberto Colaninno, chairman and CEO of Piaggio, has died at the age of 80. He was known for his leveraged buyout of Telecom Italia in 1999 and turning around failing companies ....