DUCATI APPOINT GABRIELE DEL TORCHIO AS CEO
 Bologna, May 21, 2007 – Today, the Board of Directors of Ducati Motor
Holding S.p.A. (Borsa Italiana: DMH; NYSE: DMH) appointed Mr. Gabriele
Del Torchio as the new Chief Executive Officer of the Company, vesting
him with the executive powers relating to the ordinary management of
the business and affairs of the Company in accordance with the general
and special budgets approved by the Board of Directors. The Board,
moreover, appointed Mr. Giampiero Paoli as Chairman of the Company.
Therefore,
the Board of Directors decided to implement the Corporate Governance
Code adopted by Borsa Italiana and resolved to establish a corporate
governance system tuned to the market's expectations and based on a
Chairman, entrusted with the role of organizing and coordinating the
activities performed by the Board of Directors, and a Managing
Director, vested with the executive powers relating to the management
of the Company.
Mr. Del Torchio and Mr. Paoli accepted their appointment.
The
new Company’s executives have thanked Mister Federico Minoli for his
contribution over the past years at the head of Ducati Motor Holding
S.p.A.
The newly appointed CEO has emphasized: 'I am delighted
and honored to take on this new important professional challenge today.
Ducati is a national champion appreciated all over the world and
joining a team that has achieved such great success is a stimulus to do
well. Ducati’s primary objective, today and for the future, is to keep
relying on the distinctiveness of its products, true icons on the
international motorcycling arena, offering its clientele ever
increasing quality, reliability and technological innovation.
The
Corse division, an area of excellence for Ducati, will continue to
provide a steady foundation for the company. Using the 'know-how'
perfected on the track means injecting our core product with the extra
that gives us a significant advantage over our competitors both now and
in the future.
Ducati is set to achieve further growth and
efficiency, higher revenues and greater profitability. The results
yielded by the turn-around, achieved by the management over the last
year, should be encouraging for more shareholder satisfaction'.
In
light of the executive powers delegated to him, Mr. Del Torchio
qualifies as an executive director of Ducati Motor Holding S.p.A.,
while Mr. Paoli is a non-executive director. Mr. Gabriele Del Torchio’s
and Mr. Paoli’s curriculum vitae are available at the Company’s
registered office.
As of the date of their appointment as
Managing Director and Chairman, Mr. Del Torchio and Mr. Paoli held no
shareholdings in Ducati Motor Holding S.p.A. and in its subsidiaries.
Founded
in 1926, Ducati builds racing-inspired motorcycles characterized by
unique engine features, innovative design, advanced engineering and
overall technical excellence. The Company produces motorcycles in seven
market segments which vary in their technical and design features and
intended customers: Superbike, Supersport, Monster, Sport Touring,
Multistrada SportClassic and the new Hypermotard. The Company’s
motorcycles are sold in more than 60 countries worldwide, with a
primary focus in the Western European, Japan and North American
markets. Ducati has won fourteen of the last sixteen World Superbike
Championship titles and more individual victories than the competition
put together. Since 2003 Ducati has also been taking part in the MotoGP
World Championship. For more information about the Company, please
visit our 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.
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