NEW APPOINTMENTS AND RESTRUCTURING IN DUCATI MOTOR HOLDING2005-02-05 08:14
January 28, 2005
Bologna, 28 January 2005 - Ducati Motor Holding, S.p.A. (NYSE: DMH, Borsa Italiana S.p.A: DMH), today defined a new organization structure in view of an internal reorganization of the company's technical area.
Claudio Domenicali, in addition to his consolidated role of Ducati Corse Managing Director, is appointed to the position of Product Director. Domenicali will manage all the resources involved in strategic planning, development, marketing, design and product quality.
Gigi Mengoli is appointed Assistant Product Manager, a position that will see him involved in specific projects as well as giving precious support for Domenicali in his new job, advising him in the growth of the structure and the processes that will guide Ducati product development in the years to come. This is a significant role which will enable the company to maintain at Ducati's disposal the vast experience and the passion of a historical figure like Mengoli, who will assist Domenicali in this exciting and difficult new challenge.
Mengoli will also take on the role of President of the Ducati Foundation, which will be formed with the aim of collecting, evaluating and spreading the history of Ducati: from the Museum to the technical archives; from restoration projects to theme exhibitions.
Filippo Preziosi, Ducati Corse Technical Director, takes on the new position of Ducati Corse Director General with the responsibility of managing all Ducati Corse operating activities, and will continue to report to Claudio Domenicali, Ducati Corse Managing Director.
These are major modifications that represent an important restructuring of the organization of Ducati and which will radically affect the company, employees, working processes and which change a series of consolidated working balances and methods.
"I am convinced that our new organization structure", commented Federico Minoli, Chairman and Managing Director of Ducati Motor Holding, "will combine the wisdom and the unique nature of the technical solutions developed over the course of our history with the potential and the efficiency of a method today successfully applied within Ducati Corse and which I would like to become the future standard for the entire company."
This restructuring is completed with the appointment of Cristiano Silei, who after two years spent as Director of Strategic Planning and Product Development, returns to the position of Commercial Director of Ducati Motor Holding, a role he successfully held from 1997 to 1998.
Founded in 1926, Ducati builds racing-inspired motorcycles characterized by unique engine features, innovative design, advanced engineering and overall technical excellence. Ducati has won thirteen of the last fifteen World Superbike Championship titles and more individual victories than the competition put together. The Company produces motorcycles in five market segments which vary in their technical and design features and intended customers: Superbike, Supersport; Monster, Sport Touring and Multistrada. The Company's motorcycles are sold in more than 60 countries worldwide, with a primary focus in the Western European and North American markets. 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, as described in documents previously filed by the Company with CONSOB and with the U.S. Securities and Exchange Commission.
Source: Ducati Motor Holding spa
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