(Teleborsa) – The Board of Directors of algoWatt – a company listed on the MTA of the Italian Stock Exchange that designs, develops and integrates solutions for the management of energy and natural resources – has appointed Paolo Piccini as the new CEO. 60 years old and graduated in Electronic Engineering from the University of Genoa, Piccini has over 30 years of experience in top positions, among others, in Olivetti, Marconi and Finmeccanica. He was elected director by the company’s shareholders’ meeting in June 2018.
“We have completed the complex operation linked to the approval of the Recovery Plan and the signing of the Financial Maneuver – commented the chairman Stefano Neri – The almost total debt relief of the company and the new strategic positioning of algoWatt represent only the the last steps of an industrial turnaround process which has seen us engaged in a complex and challenging job “.
Paolo Piccini expressed his satisfaction at having been chosen as the new CEO and how key figure for the implementation of the new Relaunch Plan, stating that “the company’s choice to position itself in the key sectors of the European Green New Deal, which also represent the pillars at the basis of the PNRR, will represent a forward-looking and effective strategy. algoWatt will have to start a new success story, which we will be called to accelerate thanks to our skills, the determination we will put into the execution of the Plan and the conviction in its strategic guidelines “.