Piaggio & C SpA (PIA.MI) People | Reuters.com
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Piaggio & C SpA (PIA.MI)

PIA.MI on Milan Stock Exchange

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28 Jun 2016
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Summary

Name Age Since Current Position

Roberto Colaninno

71 2006 Chairman of the Board, Chief Executive Officer

Matteo Colaninno

44 2003 Non-Executive Vice Chairman of the Board

Gabriele Galli

46 2012 General Manager Finance

Mauro Prignoli

Head of Finance

Ravinder Chopra

72 1998 Chairman and Managing Director of Piaggio Vehicles Private Ltd

Mario Di Maria

2014 Chairman and CEO Piaggio Group Americas

Stefano Pelle

2014 Chief Executive Officer and Managing Director Piaggio Vehicles Private Limited

Costantino Sambuy

46 2009 Chairman and General Director Piaggio Vietnam, Executive Vice President - Asia Pacific 2 Wheeler

Davide Zanolini

2013 Executive Vice President Marketing and Communication

Maurizio Carletti

2014 Executive Vice President - 2 Wheeler Italy Market

Gianluca Fiume

2014 Executive Vice President - 2 Wheeler Domestic Europe, Emerging Markets and Importers

Vincenzo Scardigno

2014 Executive Vice President - 3-4 Wheeler EMEA and Emerging Markets

Stefano Sterpone

55 2008 Executive Vice President EMEA and Americas Sales & Marketing

Raffaele Lupotto

2011 Senior Vice President, Head of Investor Relations

Ulisse Spada

49 2009 General Counsel

Giancarlo Milianti

46 2009 Executive Vice President Human Resources and Organization

Andrea Maria Benedetto

2014 Executive Vice President 2 Wheeler Product Development and Strategies

Carlo Coppola

61 2009 Executive Vice President, Manufacturing Technologies Executive Vice President, EMEA Plants

Leo Francesco Mercanti

2012 Executive Vice President 2 Wheeler Product Marketing

Juan Felipe Orticochea Duoun

51 2010 Executive Vice President - Spare Parts, Accessories & After Sales Technical Assistance Business Unit

Massimo Rodolfo Repetto

2014 Executive Vice President 3-4 Wheeler Product Development and Strategies

Alessandra Simonotto

Director of Administration and Credit Management, Financial Reporting Officer

Maurizio Strozzi

2014 Head of Internal Auditing

Roberto Maria Zerbi

Executive Vice President External Relations and Institutional Affairs

Daniele Discepolo

68 Non-Executive Lead Independent Director

Michele Colaninno

38 2006 Non-Executive Director

Livio Corghi

69 2009 Non-Executive Director

Andrea Paroli

2010 Non-Executive Director

Franco Debenedetti

82 2006 Non-Executive Independent Director

Mauro Gambaro

2012 Non-Executive Independent Director

Luca Paravicini Crespi

60 2006 Non-Executive Independent Director

Riccardo Varaldo

79 2006 Non-Executive Independent Director

Vito Varvaro

61 2009 Non-Executive Independent Director

Biographies

Name Description

Roberto Colaninno

Mr. Roberto Colaninno has been Chief Executive Officer and Chairman of the Board of Directors of Piaggio & C. S.p.A. since November 13, 2006. Prior to his appointment, he served as Chairman of the Board of the Company from October 2003 to November 13, 2006. He is in charge of Internal Control within the Company. He is Chairman of IMMSI SpA, the company that controls the Piaggio Group. He is Chairman of Alitalia-Compagnia Aerea Italiana. After his early experience in Italian auto components maker Fiaam, of which he became Chief Executive Officer, in 1981 he founded the Sogefi. In September 1996, he was appointed Chief Executive Officer of Olivetti. Olivetti acquired approximately 51% of Telecom Italia and he was appointed Chairman and Chief Executive of the company, as well as Chairman of TIM, holding these posts until July 31, 2001. In September 1998 he established Omniaholding SpA, the family-owned financial company of which he is Chairman. In September 2002 he joined other partners to form Omniainvest SpA. In November 2002, through Omniaholding and Omniainvest, he acquired IMMSI SpA, a stock-listed real estate holding company. Beginning in February 2003, IMMSI acquired shareholdings in industrial and services companies notably control of the Piaggio Group, the Rodriquez Cantieri Navali Group and the Aprilia Group. In 2008 IMMSI SpA was one of the founders of CAI (Compagnia Aerea Italiana), the company that acquired the Alitalia and Airone airlines and of which he is Chairman. He has been Member of the Confindustria Management Committee since 2005. In 2001 he was awarded an honorary degree in Business Economics from the Universita degli Studi di Lecce.

Matteo Colaninno

Mr. Matteo Colaninno serves as Non-Executive Vice Chairman of the Board of Directors at Piaggio & C. S.p.A. since October 2003. He has also served in the following positions in the following associations: at Gruppo Giovani Industriali di Mantova as President from 1997 to 2001; at Associazione degli Industriali di Mantova as Vice President from 1997 to 2001; at Giovani Imprenditori di Confindustria as national Vice President between 2002 and 2005 and Vice President at European Confederation of Young Entrepreneurs. He was President of the Giovani Imprenditori and Vice President of Confindustria from 2005 to 2008 and Member of the Board of Directors of Il Sole 24 ore SpA. From 2001 to 2008, he was Vice Chairman of Banca Popolare di Mantova. He started his career in 1996 at Sogefi Group and he then gained a experience joining the Olivetti team that worked on the take-over of Telecom Italia. Since 1999, he has been developing the industrial and financial operations relating to Omniaholding SpA, of which he has become Vice Chairman and Chief Executive Officer. He is also Member of the Board of Directors of IMMSI SpA and Omniainvest SpA. On April 14, 2008, he was elected to Italian Parliament as Member of the Chamber of Deputies and is in charge of Industrial Development and Finance Enterprise of the Italian Democratic Party.

Gabriele Galli

Mr. Gabriele Galli serves as General Manager Finance of Piaggio & C. S.p.A. since December 17, 2012. He served as Director of Finance of Piaggio & C. S.p.A. until December 17, 2012. He has been with the Piaggio Group since April 2004. He began his career in 1993 with the B Ticino – Legrand Group as Financial Controller in Venezuela. From 1996 until he joined the Piaggio Group, he was Associate in The Boston Consulting Group, specializing in industrial goods. He joined Piaggio in 2004 as Director of Planning and Control and Corporate Reporting, a role he kept until May 2008 when he was appointed Director of Administration, Finance and Control. Since September 2011, he has been Director of Finance, a position with responsibility over Administration, Finance and Control, Information Technology, Tools and Services Purchasing and Materials Management. He graduated in Mechanical Engineering and has a Master's degree in Business Administration from the JL Kellogg Graduate School of Management of the Northwestern University of Chicago.

Mauro Prignoli

Ravinder Chopra

Mr. Ravinder Chopra serves as Chairman and Managing Director of Piaggio Vehicles Private Ltd, a subsidiary of Piaggio & C SpA, since April 1998. He holds a degree in Science and Engineering and attended Advanced Management Program at Harvard Business School. He joined Piaggio in April 1998. Before joining Piaggio, he gained three decades of experience with brand leading companies mainly in the automotive industry. He started his career with Mahindra & Mahindra Ltd. as Market Analyst in 1965. From 1970 to 1973 he was Division Purchasing Manager at Escorts Ltd.; from 1973 to 1984 he was Commercial Manager and Deputy CEO at Greaves Lombardini Ltd. with responsibilities encompassing project management, material management, quality assurance, production planning and control, personnel management and industrial relations. He served as General Manager at Jaya Hind Industries Ltd. from 1984 to 1987 and at Indian Card Clothing Co. Ltd. from 1987 to 1989. He joined Greaves Limited in 1989 where he served as General Manager of the Group until 1998 and then as Vice President from 1992 to 1995, when he was appointed Executive Vice President. Since April 1998 he has held the position of Managing Director of Piaggio Vehicles Private Ltd, and lately appointed also Chairman of Piaggio Vehicles Private Ltd.

Mario Di Maria

Mr. Mario Di Maria serves as Chairman and CEO Piaggio Group Americas at Piaggio & C. S.p.A. since July 2014. He began his professional career with Nissan in 1996 as Area Manager. In 2001 he joined BMW developing significant experiences in Sales in the role of Field Operating Manager. He joined Fiat Group in 2004 where he held various positions with increasing responsibilities as Country Manager UK for Alfa Romeo brand, Europe Regional Director and Project Leader for China and US markets. In 2007 he joined Piaggio Group filling several positions with increasing responsibilities both in the 2 Wheelers and in the 3 – 4 Wheelers. From 2009 to 2013 he was Executive Vice President Sales & Marketing Piaggio Asia Pacific 2 Wheeler. In 2013 he was Executive Vice President Sales of API – IP.

Stefano Pelle

Mr. Stefano Pelle serves as Chief Executive Officer and Managing Director Piaggio Vehicles Private Limited of Piaggio & C. S.p.A. since October 2014. He graduated in Economics and Political Sciences and started his professional path in Johnson & Johnson. His professional career is characterized by a deep knowledge and understanding of the business dynamics of the Asian markets, in particular the Indian one, where he held top management positions. After an extensive experience in Marketing Department for international companies, he joined Perfetti Van Melle Group where he ran operations in India, Bangladesh and Pakistan for 10 years with full responsibility for the business and industrial investments. Before leaving Perfetti Van Melle Group he was responsible, as President, of a wide area including South Asia, Middle East e Africa.

Costantino Sambuy

Mr. Costantino Sambuy serves as Chairman and General Director Piaggio Vietnam, Executive Vice President - Asia Pacific 2 Wheeler at Piaggio & C. S.p.A. since February 2009. He is responsible for Piaggio Vietnam (CEO), Piaggio Asia Pacific, Piaggio Group Japan Corp and Piaggio Group China. He has been with the Company since 1995. After a short experience in the Manufacturing area at Unicem SpA and Pirelli Ltd UK offices, he joined IMG Far East Ltd in Hong Kong as Project Manager in 1993. In 1995 he joined the Company where he held various positions with increasing responsibilities; after three years as Gilera Brand Manager, he served as Marketing Manager at the London offices of Piaggio Ltd from 1999 to 2002 and as General Manager of Piaggio USA Inc, at the Los Angeles offices from January 2003 to 2005. After his experience at MIT, he was appointed Chief Executive Officer of Derbi Nacional Motor and held that position until January 2009. He gained a Bachelor of Science degree in European Business with Technology at the Brighton University and Politecnico di Torino, and attended the Massachusetts Institute of Technology (MIT) between 2005 and 2006.

Davide Zanolini

Maurizio Carletti

Mr. Maurizio Carletti seves as Executive Vice President - 2 Wheeler Italy Market at Piaggio & C. S.p.A. since October 2014. He began his professional career in 1985 at Apple Computer Spa as Area Manager, gaining since the beginning of his career significant experiences in sales and holding increasing responsibilities like Sales Director. In 1994 he joined Buffetti Group as Sales Director, a role that he held until 2004. During these years he works for two years (1998-1999) in TIM as Sales Director. In the same year (2004) he joined Piaggio Group as Head of Corporate Business and Italy Market and in 2009 he was appointed Head of Sales Italy Market

Gianluca Fiume

Mr. Gianluca Fiume serves as Executive Vice President - 2 Wheeler Domestic Europe, Emerging Markets and Importers at Piaggio & C. S.p.A. since October 2014. He graduated in Economics, he began his professional career in 1993 at Multigram Srl, european television player, taking care of trading promotion of television programs and advertising, in particular among the East-Europe countries. In 1995 he joined Benetton Group gaining significant experiences in sales area as Area Manager Middle East and Africa. In 2005 he joined Beretta Company where he held various positions with increasing responsibilities like Export Manager, VP Civil Sales and Civil Sales Director. In 2008 he joined Piaggio Group as Head of 2W Domestic Europe.

Vincenzo Scardigno

Mr. Vincenzo Scardigno serves as Executive Vice President - 3-4 Wheeler EMEA and Emerging Markets at Piaggio & C. S.p.A. since October 2014. He graduated in Mechanical Engineering in 1998, he began his professional career in 1989 in Iveco Spa, gaining significant experiences in sales, holding different positions with increasing responsibilities like Area Manager and Business Development Manager. In 1999 he was appointed Sales Director Light Commercial Vehicles, a role that he held until 2003. From 2004 to 2005 he was CEO of Officine Brennero SpA, an Iveco dealer for Trento and Verona area. In 2005 he joined again Iveco as General Manager Middle East & Africa Area. In 2009 he joined Piaggio Group as Head of 3-4 Wheeler Market EMEA/ CIS.

Stefano Sterpone

Mr. Stefano Sterpone serves as Executive Vice President EMEA and Americas Sales & Marketing of Piaggio & C. S.p.A. since October 2008. He joined the Fiat - Iveco Group in 1988 where he held various positions with increasing responsibilities until 2008; specifically, he served as Area Manager for several different areas and then as After Sales Marketing Manager for the Italian market during the 1993-1994 period. From 1995 to 1999 he was National Account Director for Italy (Eurocargo range) and went on to become General Manager of the Spanish market and subsequently, from 2002 to 2004, General Manager of the Italian market. From 2004 to when he joined Piaggio he was Iveco Worldwide Sales & Marketing Director. He holds a degree in Law.

Raffaele Lupotto

Ulisse Spada

Mr. Ulisse Spada serves as General Counsel of Piaggio & C. S.p.A. since April 2009. He began his professional career in 1992 with Ing. C. Olivetti & C, assuming roles of increasing responsibility in the Legal Affairs Department. After the acquisition of Ing. C. Olivetti & C. by Telecom Italia in 2003, in 2004, he was appointed Director of Legal and Corporate Affairs of Olivetti SpA, which was controlled by Telecom Italia. This was a position he would keep until he left the Telecom Italia Group in 2008. After a brief period as Director of Legal and Corporate Affairs for Inticom SpA, he joined the Piaggio Group in April 2009. He graduated in Law and is Accredited Lawyer.

Giancarlo Milianti

Mr. Giancarlo Milianti serves as Executive Vice President Human Resources and Organization of Piaggio & C. S.p.A. since April 2009. He began his career in the pharmaceutical industry. From 1996 to 2000, he was Official at Unione Industriale Pisana - Confindustria operating in the Labour Services area with tasks encompassing labour relations, training, organizational consultancy and human resources management; he was the association's representative serving on several committees at a Provincial or Regional level and in national delegations. In 2000, he joined Marconi Communications SpA (Marconi PLC Group) and filled several positions with increasing responsibilities until 2005, more specifically: Industrial Relations Manager, Personnel Administration Manager, HR Business Partner, Factory Personnel Manager. When the Marconi Group was acquired by Ericsson in 2005, he began his experience with the Swedish multinational and was eventually appointed Human Resources Head of the Opto Division with units and plants in Italy (Genoa, Latina, Naples, Caserta) and in the United Kingdom (Coventry) and Personnel Manager of Marconi Sud SpA. He holds a degree in Law.

Andrea Maria Benedetto

Mr. Andrea Maria Benedetto serves as Executive Vice President 2 Wheeler Product Development and Strategies at Piaggio & C. S.p.A. since March 2014. He graduated in Mechanical Engineering at Polytechnic University of Turin in 1989, he spent the first 15 years of his career within the Fiat Group growing in terms of responsibility and skills. He was Vehicle Line Executive D,E and Maserati when he left the Group in 2005. After his experience with Fiat, he worked at Toyota Motor Europe in Belgium for 5 years, his top position was VP of Body, Chassis, Technical, Communication, Homologation. In 2012, he joined Pininfarina serving as VP Product and Process Development.

Carlo Coppola

Mr. Carlo Coppola serves as Executive Vice President, Manufacturing Technologies Executive Vice President, EMEA Plants at Piaggio & C. S.p.A. since November 2009. He has also responsibility for EMEA Plants of the Company. He joined the Company in April 1996. He started in the factory and covered increasingly important posts. In 1976, he was hired by Gilardini Whitehead Division (Underwater Defence Systems) as Detail Designer and went on to fill various positions with increasing responsibilities (Manufacturing Manager and subsequently Logistics Manager). From 1990 to 1996, he was Manufacturing Manager at Magneti Marelli Motofides Division. In 1996, he started his career at Piaggio; he started as Manager of the Traditional Engines plant and shortly after of the Spheroidal Engines plant. In 1997, he became Manufacturing Manager. From May 2005 he has been serving as Operations Manager and is responsible for six plants, as well as of the Process and Maintenance Technologies, Utilities, Suppliers' Quality and Factor Usage areas.

Leo Francesco Mercanti

Mr. Leo Francesco Mercanti serves as Executive Vice President 2 Wheeler Product Marketing at Piaggio & C. S.p.A. since 2012. He joined Aprilia S.p.A. in 1982 with the role of Sales Manager and he took on various positions in Marketing & Sales department with increasing responsibilities such as General Manager of Aprilia Group. He continued his career within Piaggio Group reaching important positions such as Managing Director of Nacional Motor S.A.U. – Derbi and Head of Product Development & Racing.

Juan Felipe Orticochea Duoun

Mr. Juan Felipe Orticochea Duoun serves as Executive Vice President - Spare Parts, Accessories & After Sales Technical Assistance Business Unit of Piaggio & C SpA since September 2010. Starting from 1993, he held various positions with increasing responsibilities in Spare Parts and Technical Service areas. In 1997, he joined Volvo Veicoli Industriali SpA, with the role of After Sales Development Manager. In 2000, he joined OM Carrelli Elevatori SpA& Komatsu Division at Linde Group, with the role of Head of After Sales. In 2007, he joined Porsche Italia SpA in the position of After Sales Director. He holds a degree in Technical Industrial Engineering.

Massimo Rodolfo Repetto

Mr. Massimo Rodolfo Repetto serves as Executive Vice President 3-4 Wheeler Product Development and Strategies at Piaggio & C. S.p.A. since March 2014. He graduated in Mechanical Engineering at Universita degli Studi di Genova, his professional career began at R&D department of Iveco in 1987 and he worked in various positions such as Product Chief Engineering Manager, Head of Engineering and he gained extremely significant experiences with Light and Medium Commercial Vehicles as Head of Product Development Platform. He joined Piaggio Group in 2013 as Head of 3-4 Wheeler Vehicles Technical Center.

Alessandra Simonotto

Maurizio Strozzi

Mr. Maurizio Strozzi serves as Head of Internal Auditing of Piaggio & C. S.p.A. His professional course began at the Internal Auditing of the Olivetti Group in 1988, and after having been filled positions with increasing responsibilities in such company, he became Manager of the same in 1995. In 1998, he became Manager of the Internal Auditing of Albacom. He was also Member of its Ethic Committee by promoting the wide spreading of the Behavior Code. From 2005 to 2008, he continued his carrier in the Rodriguez Group as Manager of the Internal Auditing and then as Manager of the Administration, Procedure and Informative Systems function. Since December 2008, he has worked as Managing Director of the Immsi Audit SC a RL. In this position, he acts as Person in Charge for the Internal Control and Internal Auditing of Piaggio & C SpA and Immsi SpA. He is Member of the Supervision Bodies of Immsi SpA, Rodriquez Cantieri Na+vali SpA and Intermarine SpA. He holds a degree in Business and Economics from Universita Ca Foscari di Venezia.

Roberto Maria Zerbi

Daniele Discepolo

Mr. Daniele Discepolo serves as Non-Executive Lead Independent Director of Piaggio & C. S.p.A. He has been in the Company's Board of Directors since April 2005. He also serves as Chairman of the Audit and Risks Committee and has been Member of the Remuneration Committee of the Company since September 22, 2010. He also serves as Member of the Related Parties Transactions Committee of the Company. He is Founder of a law firm Studio Legale Discepolo. He is Member of the Board of Directors, among others, of the following companies: Zucchi SpA, Mascioni SpA, Filarete Investimenti SpA, Investimenti e Sviluppo SpA, Artemide SpA, Beta Skye SpA, Krenergy SpA (President), Esaote SpA, Manucor SpA, Invextra SpA. He served on the Board of Directors and Internal Control Committee of many companies like several real estate companies of the RAS Group, Trenno SpA, Esaote SpA, Viaggi del Ventaglio SpA, Tag Group SpA (President) and Arcotronics SpA. He graduated with a degree in Law from Universita degli Studi di Pisa on October 30, 1969.

Michele Colaninno

Mr. Michele Colaninno serves as Non-Executive Director of Piaggio & C. S.p.A. since August 28, 2006. He also serves as Member of the Nominating Committee of the Company. He is Chief Executive Officer (CEO) of Omniaholding SpA, a family company that controls Immsi SpA, a financial, real estate and financial holding company. He is CEO and Chief Operating Officer (COO) of the Immsi Group, which controls the Piaggio Group and has shareholdings in a number of Italian industrial groups. In addition to his positions as CEO of Omniainvest SpA, Chairman of ISM Investimenti SpA and Deputy Chairman of Banca Popolare di Mantova SpA, he is currently a Director of Piaggio Vehicles Pvt Ltd., Piaggio Vietnam Co. Ltd., RCN Finanziaria SpA, Is Molas SpA, Immsi Audit Scarl. He graduated with a degree in Business Economics from Unversita Cattolica del Sacro Cuore, Milano.

Livio Corghi

Mr. Livio Corghi serves as Non-Executive Director of Piaggio & C. S.p.A. since September 15, 2009. He joined the IMMSI Group in 2008 as Purchasing Manager for the Rodriquez Group, and was then appointed General Director of Finance and member of the board of directors of Rodriquez Cantieri Navali SpA, Vice President of Intermarine SpA and President of Conam S.p.A. and of Rodriquez Marine System Srl. He also serves as Director of RCN Finanziaria SpA. He gained experience at Sogefi where he served for many years as Purchasing Director.

Andrea Paroli

Mr. Andrea Paroli serves as Non-Executive Director of Piaggio & C SpA since September 22, 2010. He started his career in the same year within Sogefi SpA in the management control and consolidated financial statements department. From 1999 to 2003, he served as Financial Controller at Heinz Group. He has been Director of Administration, Finance and Control and Director of Investor Relations of Immsi SpA since 2003 and Financial Reporting Officer since 2007. He also serves as Director at Rodriquez Cantieri Navali SpA, Is Molas SpA, ISM Investimenti SpA and is Chairman of the Board of Directors of Pietra Srl. He graduated in Business Economics from Universita Commerciale Luigi Bocconi of Milan in 1994.

Franco Debenedetti

Mr. Franco Debenedetti serves as Non-Executive Independent Director of Piaggio & C. S.p.A. since August 28, 2006. He also serves as Chairman of the Nominating and Member of the Remuneration Committees of the Company. He was Director of the Components Division of the Fiat Group and in 1978 was appointed as Managing Director of Olivetti. He served as President and CEO of SASIB. He was elected Senator of the Italian Republic in 1994. He serves as Member of the Board of Directors of Iride SpA, CIR SpA, Cofide SpA, Banca Popolare di Milano and the Rodolfo Debenedetti Foundation. He has also been President of the China Milan Equity Exchange since May 2007. He graduated in Electro-Technical Engineering from Politecnico di Torino in 1956 and completed a specialization in Nuclear Engineering in 1957.

Mauro Gambaro

Mr. Mauro Gambaro serves as Non-Executive Independent Director of Piaggio & C. S.p.A. since April 13, 2012. Following a number of experiences with Morgan Vonwiller bank and Banque Paribas, in 1987, he is part of a team of managers which, with the Banche Popolari of the Arca Nord Est group, establishes Arca Merchant. In Arca Merchant, he occupies the role of Corporate Finance Director. In 1998, after having managed the acquisition on behalf of Banca Antonveneta, he became General Manager of Interbanca, a position he held until 2004. In 2004, he became Chief Executive Officer of FC Internazionale Milano, a position he held until 2006. He is the Italian Representative of Paul nCapital NY. He is also Senior Advisor of K Finance. In the course of his professional career, he has worked for more than 30 years on financial and capital market issues, as well as venture capital investments. He is Director of IMMSI Spa and Marsilli & Co Spa.

Luca Paravicini Crespi

Dr. Luca Paravicini Crespi serves as Non-Executive Independent Director of Piaggio & C. S.p.A. since August 28, 2006. He is Member of the Nominating and Audit and Risks Committees of the Company. He is Member of the Related Parties Transactions Committee of the Company. He has been in the Company's Board since August 28, 2006. He is Drector of CIR SpA, Gruppo Espresso, Scala Group, Consilium Sgr and Director and Vice Chairman of Education.it. He was Director of several companies, as Adica Pongo SpA, Prenatal SpA and Olivetti SpA. From 1989 to 2000, he served at the research dept, mutual funds, and private banking areas of Banca Euromobiliare group. From 2000 to 2004, he was a Partner and Manager of Kairos Partners SpA. Since 2005, he has been Consultant to the Family Office division of Banknord Group. Since January of 2009, he has been Chairman of Simplicissimus Book Farm, a company active in the digital publishing area. He graduated in Business Economics from Universita Commerciale Luigi Bocconi.

Riccardo Varaldo

Mr. Riccardo Varaldo serves as Non-Executive Independent Director of Piaggio & C. S.p.A. since August 28, 2006. He also serves as Chairman of the Remuneration and Member of the Audit and Risks Committees of the Company. He also serves as Member of the Related Parties Transactions Committee of the Company. He is Economist and University Professor. He is President of Scuola Superiore Sant’Anna (Sant’Anna School of Advanced Studies), Pisa. He is Full Professor of Economics and Management and Chairman of the Steering Committee of the Master Degree on Management Innovation and Services Engineering. He is honorary Professor of the Chongqing University, China. His sphere of activity in research and teaching concerns: Industrial Economics, Innovation Management, Industrial Districts, International Strategy and Marketing. He is Member of the Societa Italiana degli Economisti (Italian Economist Society) as well as of the Accademia Italiana di Economia Aziendale (Italian Academy of Business Administration) and of other scientific associations. He is Board Member of Finmeccanica and Member of the Supervisory Board of Intesa Sanpaolo Bank, as well Board Member of Italy Japan Business Group. He is Member of Scientific Committee of Fondazione Lucchini and Fondazione Giuseppina Mai (Confindustria) and Member of the Advisory Board of the Fondazione Lars Magnus Ericsson.

Vito Varvaro

Dr. Vito Varvaro serves as Non-Executive Independent Director of Piaggio & C. S.p.A. since April 16, 2009. He serves as Director of Operations and Development for the Della Valle Group (DI.VI. Finanziaria Sapa of Diego Della Valle & C) and as Member of the Board of Directors and Executive Committee of Tod’s SpA, Member of the Board of Directors of Marcolin SpA and as Member of the Board of Directors of the cooperative Cantine Settesoli. He is also Member of the Board of Save the Children Italia, ONG no profit. He worked at Procter & Gamble, both in Italy and abroad, from 1978 to 2007. He became Chairman and Chief Executive of Procter & Gamble Italia from 2001. He is Visiting Professor of Economics and Management and Professor of Marketing in the MBA program at the Luiss Guido Carli University in Rome. He graduated with a degree in Business Economics from Universita degli Studi di Palermo in 1976.