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Ferroli are pleased to announce the appointment of Antonio Recinella, by the Board as the Group CEO of Ferroli. He replaces Riccardo Garrè, who has left Ferroli to take on a new professional challenge.

 

Antonio has had a wide-ranging career across multiple countries in Europe and Asia, in varied sectors including automotive, home appliances and consumer luxury packaging. Antonio began his career at Honeywell running a $250m profit and loss segment before joining Magneti Marelli, where he held roles in Italy and China ultimately rising to be CEO of the Aftersales, Parts and Services business. Following 20 years at large scale corporations, Antonio went on to lead a successful turnaround of Elica (a leading producer of cooker hoods and aspiration hobs) and subsequently was CEO of Lumson, a producer of luxury cosmetics packaging solutions.

 

Chairman of Ferroli Group, David Alhadeff commented;

“The world is moving in a clear direction: decarbonisation, electrification, green products, and digitalization. Beyond the short-term market slowdowns Ferroli is ideally positioned to ride these long-term market trends. I remain convinced of the potential of our company to capitalise on this market opportunity, and, with the shareholders, we will continue to back the company’s path of growth including with new investment. Antonio is an experienced leader and team builder, and we are excited to have him lead Ferroli to its next phase of growth.”.