Michele Colaninno has been appointed as the CEO of Piaggio after the death of his father, Roberto Colaninno, who held the position of chairman and CEO. Prior to his promotion, Michele served as the chief executive of global strategy, product, marketing, and innovation.

After the passing of Roberto Colaninno on August 19, 2023, Piaggio’s board of directors had to restructure the corporate governance. Following shareholder recommendations, Michele Colaninno assumed the role of CEO, with similar powers and responsibilities to his previous position. In addition, Carlo Zanetti has been appointed as a new non-executive director, maintaining the number of board members unchanged.

The board of directors of Piaggio & C. S.p.A now consists of Michele Colaninno as CEO and Matteo Colaninno as Executive Chair. Additionally, Graziano Gianmichele Visentin, Rita Ciccone, Patrizia Albano, Federica Savasi, Micaela Vescia, and Andrea Formica serve as independent directors. Carlo Zanetti has been appointed as a non-executive director.

Piaggio has announced that its shareholders’ meeting will take place on December 31, 2023. During this meeting, shareholders will need to approve the company’s financial statements. It will also mark the end of the current board’s term.

Besides his role as the head of Piaggio, Michele Colaninno is the founder of Piaggio Fast Forward, a robotics company based in the United States. He is also the CEO and COO of the Immsi Group, a financial, real estate, and industrial holding company listed on the Milan Stock Exchange. Additionally, Michele Colaninno serves as the president of the European Association of Motorcycle Manufacturers (ACEM).

Michele Colaninno joins KTM CEO Stefan Pierer, BMW Motorrad’s head Markus Schramm, and Yamaha Motor Europe President Eric de Seynes as one of ACEM’s three vice presidents.