Raimondi Cranes, a heritage manufacturer of intelligently-designed scalable heavy lifting solutions, has announced the appointment of Luigi Maggioni as its new Group Chief Executive Officer. 

 

An industry veteran with 16 years of experience in European manufacturing, Maggioni is widely acknowledged as one of Europe’s leading senior executives. 

 

As former CEO of TK Elevator overseeing nine countries, his career achievements include extensive experience in managing global large-scale enterprises and corporate internationalization, alongside effective M&A, said the company in a statement.  

 

The Board of Directors, represented by Raimondi Chairman Prince Khaled bin Alwaleed bin Talal Al Saud, together with Executive Vice Chairman Ahmed Alkhoshaibi, formalized Maggioni’s appointment during their official visit to company headquarters in Milan, Italy. 

 

The key appointment builds on Raimondi’s recent corporate invigoration programme, including the launch of the company vision and brand identity. 

 

On the production front, the Italian group saw a significant number of new models rolled out, with the wider aim of increasing global market share.

 

Welcoming him into the fold, Prince Khaled said: "Maggioni joins Raimondi Cranes bringing with him years of high-level executive experience. His recruitment reflects the company’s intentions to focus on upward trajectory and an overall business transformation."

 

"His appointment is in line with the company’s vision, aiming for an intersection of innovation and exemplary quality," stated Prince Khaled. 

 

Building on Raimondi’s evolution and its mission of becoming the most responsive global leader in heavy lifting solutions, Maggioni’s CEO role extends to the entire conglomerate, including subsidiaries in Turkey and across the Middle East, he added. 

 

Strategically, Maggioni will initially focus on maximising production efficiency, quality control excellence, and aggressive expansion under the Made in Italy hallmark. 

 

Additionally, drawing on various segment strengths, he intends to purposefully unify the wider group, thereby unlocking further growth potential. 

 

Shortly after Maggioni’s appointment, Raimondi’s senior leadership team welcomed additional new recruits, meant to bolster and execute tailored operational and financial strategies, to better harness competitive advantages.

 

"I welcome this role as both a personal and corporate opportunity to carve out a new path for one of Europe’s homegrown manufacturers," said Maggioni, remarking on his appointment.

 

"I am proud to be joining a heritage entity like Raimondi, founded on a prestigious past. The current day company has a fresh approach to innovative R&D, and is steadfast in its core values," he stated.

 

"I firmly believe in the vision of the Raimondi Board of Directors. I am committed to injecting energy and momentum into activating the larger conglomerate’s mission, with the support of an experienced group of multinational team members," noted Maggioni. 

 

"The passion, vigour, and determination, coupled with a strategic business development plan of action, will facilitate the internationalisation of the brand while increasing the market share," he added.

 

Maggioni said his upcoming plans include building out digital operations, mastering the after-sales offer and other initiatives. Further, M&A and consolidations will be key strategies to advance the conglomerate's overarching vision, he added.-TradeArabia News Service