Renewal of company positions, delegation of powers, appointments of internal Committees

Mario Carraro, Enrico Carraro and Carlo Borsari confirmed as Group's new Chairman, Deputy Chairman and Managing Director

Carraro SpA, the global market leader in drive systems, today convened its new Board of Directors, recently appointed by the Shareholders' Meeting, with Mario Carraro at the chair. The Board of Directors, which shall remain in office for the three-year period 2009-2011, elected to renew company positions, assign the relative powers of office and set out the components of internal committees.

Respectively, the Group's new Chairman, Deputy Chairman and CEO are confirmed as Mario Carraro, Enrico Carraro and Carlo Borsari.

Go to Press release 07.05.09


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Board of Directors approves results for first quarter 2009

Turnover and margins strongly affected by a further slowdown in demand in the Group's main reference markets, continuing the already severe trend evident in late 2008