Ducati Motor Holding Appoints New CFO
7 September 2000
Ducati Motor Holding Appoints New CFOBOLOGNA, Italy, Sept. 7 Ducati Motor Holding S.p.A. , a leading manufacturer of high performance motorcycles, today announced the appointment of Enrico D'Onofrio as Chief Financial Officer. Mr. D'Onofrio, 43, replaces Carlo Di Biagio who became Chief Executive Officer of the Company in July of this year. His appointment is effective as of September 19, 2000. Mr. D'Onofrio brings to Ducati broad, international experience in the fields of finance, administration and budgeting gathered in a number of important roles at Procter and Gamble, one of the world's leading global consumer products companies. Most recently, based in company headquarters in Geneva, he was Director of the Western Europe Innovation Program, managing P & G's venture capital fund. "Enrico joins Ducati at an exciting time," commented Carlo Di Biagio, CEO of Ducati, "and I greatly look forward to working with him to build on our successes of the last four years. His wide, international financial experience will be a great asset to the Company as it consolidates and continues to grow." In a career at Procter and Gamble spanning 18 years, Mr. D'Onofrio has also been Finance Manager, P & G Portugal; Brand Manager, P & G Italy and Director of Finance and Accounting Organization in Renewal for Europe, P & G Brussels. Mr. D'Onofrio is a Mechanical Engineer and holds a Master's in Business and Administration from SDA Bocconi in Milan. Founded in 1926, Ducati builds racing-inspired motorcycles characterized by unique engine features, innovative design, advanced engineering and overall technical excellence. Ducati has won eight of the last ten World Superbike Championship titles and more individual victories than the competition put together. The Company produces motorcycles in four market segments which vary in their technical and design features and intended customers: Superbike, Supersport, Monster and SportTouring. The Company's motorcycles are sold in more than 40 countries worldwide, with a primary focus in the Western European and North American markets. For more information about the Company, including the latest financial results, please visit Ducati's web site at http://www.ducati.com. This press release contains statements that are forward-looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated, as described in the Company's prospectus dated March 23, 1999.