Italian re-roller Padana Tubi is creating two dedicated business units to strengthen its commercial operations.
The new stainless steel business unit will be led by Luca Cavallari, while the carbon steel division will be jointly managed by Giorgia Benetti and Marco Fornasari, the company says in a note obtained by Kallanish.
The reorganisation will be “strengthening our strategic focus and commercial specialisation,” the note says. It will enable integrated end-to-end management of commercial activities, with greater focus on customers, markets and results.
In May, UK-based investment firm Attestor completed its acquisition of the firm, appointing Mariano Armengol as chief executive and announcing a new board of directors.
The new governance structure coincides with Attestor’s entry as Padana Tubi’s majority shareholder (see Kallanish passim).
In the last financial year, Padana Tubi achieved a turnover of €900 million ($1 billion) and employs 800 workers.
