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MV AGUSTA SECURES FUNDING
t is no secret Italian marque MV Agusta has
battled with financial issues throughout the
company’s proud history, but things look set
to change, at least for the next five years. The
money which will support the execution of the
Italian firm’s five-year plan, as well as achieve the
consolidation and growth of the company, has
been entirely provided by the family of CEO Timur
Sardarov, MV Agusta’s shareholder.
The business plan aims at reaching a sales
volume of over 25,000 motorcycles in the next five
years, along with making investments in both a
new premium and medium capacity range, which
will enable the company to extend the availability
of MV Agusta products to more customers,
hopefully significantly increasing sales volumes.
the MV Agusta team.
Bordi, is a renowned engineer and manager
in the industry and has been appointed to
the position of Executive Vice Chairman, while
Bettin – who has strong records in the financial
restructuring of several industrial companies
– is the new CFO of MV Agusta. MV wouldn’t be
MV without input from a Castiglioni, and as such
Giovanni Castiglioni has been announced to be
staying on in an advisory role at the company.
In the three-year period 2019-2021 the industrial
plan also provides for a strong investment in the
global distribution network, focused primarily on
Europe, Asia and the USA. “Over the next five years, MV Agusta’s attention
will be focused on developing the sales and
service network, while investing in product
development and maintaining its efforts in
digitalisation and technological innovation”,
Sardarov said. “We are committed to deliver the
best products and continue to be a benchmark
in motorcycle industry in quality, design and
technology. Finally MV Agusta has all the tools to
do so”
After becoming the new Chairman of the Board
and CEO in December 2018, Timur Sardarov
has worked to transform MV Agusta by putting
together a new top management structure and
has brought Massimo Bordi and Paolo Bettin into “Together with the management, we are
working diligently to execute the business plan
and achieve our objectives which will require an
increase of personnel and dedication from all at
every level of the company.”
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