Italian classification society has appointed Carlo Luzzatto as its next chief executive officer and general director, taking over from Ugo Salerno after more than 20 years at the helm of the Genoa-headquartered multinational.
The appointment is set to be formalised by the end of 2023, coinciding with Fondo Italiano d’Investimento’s acquisition of a minority stake of up to 33% in RINA and a capital injection by the Milan-based private equity firm of up to €180m ($193m).
Luzzatto (pictured) brings over thirty years of experience from the energy, aerospace, and infrastructure sectors having held senior leadership positions at public and private companies, including General Electric, Ansaldo Energia, Chromalloy, and Impresa Pizzarotti.
RINA said the transition perfectly aligns with the joint growth objectives established with and the fund, reinforcing its plans to float within the next three to five years.
Salerno, who will remain in office as executive president and play an integral role in the running of the company, was appointed CEO of RINA in June 2002 and chairman in February 2012.
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“We are confident that Luzzatto, as CEO, and Salerno, in the role of executive president, will provide further momentum to RINA’s already brilliant growth trajectory,” said Paolo d’Amico, chairman of Registro Italiano Navale, RINA’s main shareholder.