Mario Scandellari Appointed Managing Director of Moto Guzzi, S.p.A.
25 March 1999
Mario Scandellari Appointed Managing Director of Moto Guzzi, S.p.A.
MILAN, Italy--March 25, 1999--Mark Hauser, Executive Chairman of Moto Guzzi Corp., today announced the appointment of Mario Scandellari as the Managing Director (Amministratore Delegato) of Moto Guzzi, S.p.A., the international motorcycle company's principal manufacturing facility which is located in Mandello del Lario, Italy.Moto Guzzi Corp. is a subsidiary of the Triden Rowan Group, Inc. .
Scandellari comes to Moto Guzzi with extensive expertise in the industrial manufacturing sector, including significant experience in the motorcycle industry. As an engineer and a leader in the restructuring of businesses, he served for over 10 years as a senior executive, including General Manager, of Ducati-Cagiva. He was involved subsequently in helping to restructure other Italian-based international corporations.
"Mario Scandellari's appointment is a major step forward in our program to reinvigorate the brand name of Moto Guzzi," stated Hauser. "With the public financing having closed earlier this month, we have consolidated the firm's financial position and are now bolstering the company by placing this leading executive at the helm. We are delighted that he is both an accomplished engineer and a seasoned, well-respected industrialist in our special field."
The new Managing Director added: "Moto Guzzi is an extraordinary brand name with enviable traditions associated with its products. I am very pleased to complete what has evolved into an exceptionally strong management team, and I see my primary mandate as growing the business."
About Moto Guzzi
Moto Guzzi is one of the most veteran, legendary motorcycle manufacturers in the world. With headquarters in Mandello del Lario, Italy, the company produces several models of heavyweight and high-performance vehicles. Moto Guzzi markets its products through a network of over 750 wholly and partially owned importers and independent dealers worldwide. In addition to motorcycles for the general consumer, Moto Guzzi also produces special models for government agencies, national and local police forces and highway patrols.
The information in this press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from those contemplated by the forward-looking statements.