---

We are pleased to announce the newest addition to the Management Team of Ferroli Group S.p.A. Riccardo Fraboni has been appointed as the Group Chief Finance & Administration Officer.

Riccardo Fraboni, who holds a degree in Economics and a Master's in Administration, Finance & Control from the University of Bologna, began his professional journey at Arthur Andersen. He then assumed roles of increasing responsibility at Volvo Auto Italia, Datalogic, IPE Cavalli S.r.l., FAAC S.p.A., and DAINESE S.p.A.