Italian classification society RINA has appointed Carlo Luzzatto as its future chief executive officer and general director.
In line with RINA´s strategic goals, he will take over from Ugo Salerno, who will continue to play an integral role in the running of the company, retaining his position as Executive President.
The appointment is set to be formalized by the end of the year, coinciding with Fondo Italiano d’Investimento SGR’s acquisition of a minority stake up to 33% in RINA S.p.A.
RINA said this “leadership transition is a natural progression in its global growth journey, focused on pursuing the strategic plan, streamlining processes, and evolving towards business models and services that are increasingly centered on innovation and ESG principles.”
Registro Italiano Navale, Fondo Italiano d’Investimento and RINA signed earlier this year a deal aimed at allowing the Italian fund to become a shareholder in RINA.
The ownership structure will see Registro Italiano Navale maintaining the majority stake, Fondo Italiano d’Investimento and other co-investors holding a minority stake of up to 33%, and the company’s management participating with a 2.5% stake.
Fondo Italiano d’Investimento SGR will operate through an innovative structure that includes investments from Fondo Italiano Consolidamento e Crescita (FICC), Fondo Italiano Consolidamento e Crescita 2 (FICC 2), and, for the first time, a group of leading co-investors coordinated by Fondo Italiano.
This transaction marks the first investment made by FICC 2, the second edition of the fund dedicated to supporting the growth and consolidation of Italian companies, which on this occasion also carried out, just one month after its launch, a first closing for a total of 245 million euro with cornerstone investors CDP Equity, Fondazione ENPAM, Intesa Sanpaolo, UniCredit, and other leading investors.
