Piaggio Appoints Michele Colaninno as CEO Following the Death of Roberto Colaninno

After the passing of Piaggio chairman and CEO Roberto Colaninno, his son Michele Colaninno has been promoted to the position of CEO. Michele previously held the role of chief executive of global strategy, product, marketing, and innovation.

Roberto Colaninno's death on August 19, 2023, led to the need for Piaggio's board of directors to restructure the corporate governance. Following recommendations from shareholders, Michele Colaninno has taken on the role of CEO, with similar powers and responsibilities to his previous position. Additionally, Carlo Zanetti has been appointed as a new non-executive director, maintaining the same number of board members.

The board of directors of Piaggio & C. S.p.A now consists of Michele Colaninno as CEO and Matteo Colaninno as Executive Chair. Independent directors include Graziano Gianmichele Visentin, Rita Ciccone, Patrizia Albano, Federica Savasi, Micaela Vescia, and Andrea Formica. Carlo Zanetti has been appointed as a non-executive director.

Piaggio has announced that the shareholders' meeting will take place on December 31, 2023. During this meeting, shareholders will need to approve the company's financial statements. Additionally, the meeting will mark the end of the current board's term.

Aside from his role at Piaggio, Michele Colaninno is also the founder of Piaggio Fast Forward, a robotics company based in the US. He is also the CEO and COO of the Immsi Group, a financial, real estate, and industrial holding company listed on the Milan Stock Exchange. Furthermore, Michele Colaninno serves as the president of the European Association of Motorcycle Manufacturers (ACEM), alongside KTM CEO Stefan Pierer, BMW Motorrad's head Markus Schramm, and Yamaha Motor Europe President Eric de Seynes, who are the ACEM's three vice presidents.