(Alliance News) - Gefran Spa announced Thursday that, in agreement with Fingefran, the holding company that controls the group, it has signed an agreement with the current CEO, Marcello Perini, in which he agrees to keep the manager at the helm of Gefran until the approval of the 2028 budget.

In turn, Perini has agreed to continue his contribution to the leadership of the company at least until the agreed date.

"The decision to confirm Marcello Perini as the group's CEO rewards the work done by the manager in recent years: under his leadership, in fact, Gefran has embarked on a path of continuous growth that has seen the company touch a record turnover of EUR134.4 million in 2022, which was then confirmed the following year as well, with the company reaching EUR132.8 million," the company explained.

"Moreover, in recent years, the company has successfully overcome particularly complex situations, such as challenges related to the pandemic crisis and discontinuities in the supply chain, as well as having satisfactorily concluded the sale of the drives business to the WEG SA group."

The agreement reached will therefore allow the group to consolidate the leadership and progress achieved so far, with the aim of continuing to grow in the coming years, and seize the new opportunities that, although in a constantly changing environment, the market will offer. The manager's confirmation at the helm of the group will ensure continuity for the many development initiatives the company is conducting on the fronts of innovation and internationalization.

"With the agreement that we have signed, together with the parent holding company, we confirm both the trust we place in our Ad for the future development of the group and the goodness of the intuition we had when he was entrusted with the leadership of the company in 2020," said Giovanna and Maria Chiara Franceschetti, respectively, presidents of Fingefran and Gefran.

"The results we have achieved together with Perini in recent years are very satisfactory, and we are convinced that ensuring stability and continuity at the helm of our organization ensures consistency of strategy and execution. This is a fundamental condition for realizing the ambitious growth projects we have planned and for which Marcello's contribution will be, as in the past, very important."

Gefran's stock is trading at EUR8.80 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

Comments and questions to redazione@alliancenews.com

Copyright 2024 Alliance News IS Italian Service Ltd. All rights reserved.