General Manager Steps Down From Ducati Motor
8 December 2000
General Manager Steps Down From Ducati MotorBOLOGNA, Italy, Dec. 8 Ducati Motor Holding S.p.A. , a leading manufacturer of high performance motorcycles, today announced that Massimo Bordi, General Manager, is leaving the Company to pursue other career opportunities. Among Mr. Bordi's achievements during his years of service at Ducati were the development of the Ducati 916 and the Desmoquattro engine. He also made significant contributions to the success of Ducati's racing team in recent years. "Ducati takes this opportunity to thank Mr. Bordi for giving so much to the Company and we wish him every success in the future," said Carlo Di Biagio, Chief Executive Officer of Ducati Motor Holding. "The Company hopes to have the opportunity to work with Mr. Bordi again in the areas of racing and engine development in order to benefit from his extensive knowledge and experience." "The greater part of my career has involved participating on exciting projects at Ducati," commented Mr. Bordi. "I am particularly proud of the Company's growth over the last decade. During these past four years -- with Ducati's new international team -- we have worked together to create a truly global company which has enjoyed spectacular results. A part of my heart will always remain at Ducati." "Ducati does not plan to replace Mr. Bordi," continued Mr. DiBiagio. "Rather, we consider his departure an opportunity to review the structure of our operations and to grow into a more de-verticalized organization as a platform for future growth." Founded in 1926, Ducati builds racing-inspired motorcycles characterized by unique engine features, innovative design, advanced engineering and overall technical excellence. Ducati has won nine of the last eleven 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 forty countries worldwide, with a primary focus in the Western European and North American markets. For more information about the Company, please visit their website 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 1999 annual report, as filed with the U.S. Securities and Exchange Commission on Form 20-F, dated July 3, 2000.