2004-06-30 00:00:00.0

Marco Milani appointed new CEO at Merloni Elettrodomestici

Fabriano, 30th June 2004 – Marco Milani, 50, an engineering graduate, is to be the new chief executive officer of Merloni Elettrodomestici from 27th July following approval of the first half report and due conferment of powers. He was co-opted to the Board of Directors today, on a motion by the Chairman.

Currently CEO at Merloni Elettrodomestici UK, Marco Milani takes over from Andrea Guerra, who has led the company since January 2000 and is leaving to take up a new position.
"This is an internal choice, one of continuity" said Vittorio Merloni, "and favoured by Andrea Guerra himself, who worked very well with Milani for the Company's growth and development. "Andrea Guerra's four years in office, from 2000 to date, have raised Merloni Elettrodomestici to the number three ranking in the European white goods industry. " I thank Andrea Guerra, on behalf of the shareholders, the board and the management, and wish him every good fortune in pursuing the brilliant career he started with us."
Marco Milani's career shows a strong international bias. Having joined Merloni Elettrodomestici in 1980, he has held increasingly important posts, both industrial and commercial, in Italy and abroad. In 1998 he was given control of the CIS/Eastern European market, based in Moscow, till the acquisition in 2000 of Stinol, Russia's biggest refrigerator manufacturer.
Returning to Italy, he took over as chief operating officer and in March 2002 was appointed CEO at Merloni Elettrodomestici UK, the company formed as a result of the GDA Hotpoint acquisition.
In that role Marco Milani engineered the integration, in a record 18 months, of the most important acquisition the company has ever made (6,000 employees, four production facilities, and a share of nearly 30% of Europe's biggest household appliance market).

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