LU-VE Group appoints a General Manager

Uboldo (Varese), 23 February 2023 – LU-VE S.p.A. announces the appointment of Riccardo Quattrini as General Manager of the Group as of April 1, 2023, resolved by the Board of Directors at today’s meeting upon the proposal of the President and CEO Matteo Liberali and the COO Michele Faggioli, after consulting the Remuneration and Appointments Committee and the Board of Statutory Auditors.

Mr. Quattrini – who in his role as General Manager will work in support of the Chairman and Chief Executive Officer and the COO – has been assigned the powers relating to ordinary management.

“The proposal to introduce the General Manager into the governance structure follows the significant growth recorded by LU-VE Group in recent years, starting from its listing on the Stock Exchange” – declared Matteo Liberali Chairman and Chief Executive Officer – “The creation of the new role has the objective of ensuring growth, continuity and good management, faithful to the principles that have always shown us the way: humility, passion, values and positive thinking. I am sure that Riccardo will make an excellent contribution and a further stimulus to do even better. I welcome him and wish him and the company good luck and further successes”. 

“I would like to thank the Board of Directors and LU-VE Group for their trust in me. I have begun to know and will get to know even better the values and great results of this Group. I will work to achieve new goals with the support of a strong, cohesive and determined organization. My view is directed to the future, to the new challenges that await us and above all to the new objectives that we have set for ourselves” – commented the new General Manager Riccardo Quattrini.

Summary profile of the General Manager

After earning a degree in mechanical engineering with a focus on management at the Politecnico delle Marches and a Master’s in business management at the ISTUD of Stresa, Riccardo Quattrini gained experience as a manager, working for over 25 years in Italian companies, mainly active in the engineering industry with an international vocation. Throughout his career he has covered both technical and strategic/commercial roles.

In 2000 he began his collaboration with Biesse Group S.p.A., a company listed on Euronext STAR Milan, covering various roles (engineering director, brand manager, sales and marketing director). In 2010 he joined the Cefra Group, with which he collaborated until 2017, finally holdong the role of CEO. After a spell as general manager in Aetna Group and IFI S.p.A., in 2019 he returned to Biesse Group to first hold the position of director of the wood-industrial division and subsequently, from 2021, that of Group Chief Product Strategy & Development Officer leading the Offering (product, applied research and design and placing on the market) and also following consultancy and project management for large plants.

In compliance with the requirements of the Instructions to the Rules of the Markets organized and managed by Borsa Italiana, LU-VE confirms that, on the basis of the information available to the Company, as of today, Mr Quattrini does not hold LUVE shares

The curriculum vitae of Mr. Riccardo Quattrini will be available on the Company’s website lu-ve.com (section “Investor Relations” – “Corporate governance and shareholders” – “The Group” – “Corporate structure”).