ECONOMY AND MARKET
Sacmi Group Appoints New General Manager
The Sacmi Group announces the appointment of a new General Manager . In March he ’ ll take over from Giulio Mengoli , who has , for personal reasons , considered it appropriate to terminate his employment . Despite all the difficulties caused by Covid-19 , the year 2020 still saw Sacmi achieve good results in terms of operating margins and cash flow generation . Indeed , this past year has allowed the Group to further enhance its far-reaching presence around the world . Market shares have grown in all business areas thanks to the excellence of the products and services provided . This highly positive trend was confirmed by the projected full-year results , released at the Members ’ Assembly . The President of the Board of Directors , Paolo Mongardi , informed the Assembly that the change in General Management would take place " in such a way as to ensure continuity of strategic and operational corporate management ". He also thanked Giulio Mengoli for his valuable contribution to the company over the years . Genoa-born Mauro Fenzi , 59 years old , who holds a degree in engineering from Milan Polytechnic and has wide-ranging experience in the field of industrial automation systems development , has now been appointed to the role . Mauro Fenzi has gained broad professional experience in Italy , the United States and France . Since 2014 he has been at the helm of leading multinational groups . More specifically , from 2014 to 2019 he was CEO of Comau ( a leader in industrial automation ), where he had covered various key positions since 2001 . Since January 2020 he has been CEO of Sogefi ( a leading provider of automotive components ). He has also held senior positions in other market-leading companies in
Mauro Fenzi , general manager of Sacmi Group
the aerospace and petrochemical sectors . Mr . Fenzi comes well prepared to take on new challenges . In addition to an in-depth understanding of industrial automation and the technological changes taking place in the digital field , he has significant experience in terms of growing businesses and developing human resources . “ The drive to develop skills and strengthen technological leadership across the various business areas ”, points out Paolo Mongardi , “ continues to underpin the overall strategy Sacmi has pursued thus far and is perfectly in line with the Group ' s international vocation ”.