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23 December 2019

ALBERTO RACCA APPOINTED CEO OF MIROGLIO SPA

Alberto Racca is the new Chief Executive Officer of Miroglio SpA, the Miroglio Group’s holding company.

Approved by the Board of Directors, which met on 19 December 2019, the appointment is part of the process which began at the end of 2018 when Filippo Ferrua Magliani was named Chairman to bolster parent company Miroglio SpA’s role as an industrial holding company.

The holding company is tasked with performing an active shareholder role, allocating resources to the operating companies, selecting the key people to whom responsibilities are assigned, and ensuring control over the implementation of strategies and management decisions.

“Alberto Racca’s appointment as CEO – says Chairman Filippo Ferrua Magliani – completes the renewal process which began at the end of last year. This is an important strengthening for the action of the Board, which will be able to rely on a professional capable of ensuring oversight and a managerial and strategic link with the activities of the main subsidiaries Miroglio Fashion and Miroglio Textile”.

Alberto Racca joined the Miroglio Group in October 2018 as Group Strategy & Transformation Director, and has been responsible over these months for strategic planning and managing the portfolio of subsidiaries.

After graduating in Managerial Economics from the London School of Economics and gaining an MBA at the London Business School, Alberto Racca accrued significant experience handling major corporate transformation projects in McKinsey & Co., and participating in defining acquisition and investment plans and successful turnarounds in KKR-Pillarstone.