Forgital appoints Aldo Carrabino as Group CEO ad interim
Luca Zacchetti to step down as Group CEO to join Forgital’s Strategic Committee
Vicenza (Italy)- 27th August, 2020 – Forgital Group, an Italian-based manufacturing company producing large forged and machined components for the global aerospace and industrial sectors, today announced that Aldo Carrabino has been appointed Group CEO ad interim as Luca Zacchetti steps down from his full-time role as Group CEO for personal reasons. The changes are effective 1 September 2020.
Aldo Carrabino, who joined Forgital as CFO in November 2019, will continue to act as CFO alongside his interim Group CEO position. The company is evaluating candidates to take over the Group CEO role on a permanent basis, while Luca Zacchetti will join the Strategic Committee of Forgital to continue to closely support Forgital in its future development.
The Board of Directors at Forgital Group, said: “We are grateful for the significant contribution Luca has made to the development of Forgital in his time as CEO, including securing a smooth transition from an entrepreneurial and family-owned company and significant business development and cost reductions activities. Thanks to Luca, the company has strengthened its relationships with existing customers and started new strategic commercial partnerships, paving the way for a major global growth platform, notably in the aerospace sector with a lower cost base”.
“We are also delighted that Aldo has agreed to be Group CEO ad interim while the Board finds a permanent successor. Since joining Forgital, Aldo has successfully led the finance function delivering on many opportunities to improve efficiency and performance and we have every confidence in his ability to steer the company as CEO for the months ahead” concluded the Board of Directors.
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Founded in 1873 in Vicenza, Italy by the Spezzapria family, Forgital is the leading European vertically integrated forging company, with 9 facilities in Italy, France and the USA, c. 1,100 employees worldwide and a global network of sales agencies.
Acquired by The Carlyle Group in September 2019, Forgital specializes in forging, laminating and machining of rolled rings, with advanced capabilities across a range of materials including: carbon steels, alloy steels, stainless steels, aluminium, nickel, cobalt, copper and titanium alloys.
For more information on Forgital, please visit https://www.forgital.com/