Brembo, one of the world's leading braking systems and component manufacturers, has announced that the company's CEO Andrea Abbati Marescotti will step down from his position on June 30, 2019 in order to pursue new professional projects and activities.

The board of directors of Brembo, led by chairman Alberto Bombassei, took note of the decision and expressed their highest appreciation for the work Marescotti carried out since joining the company and wished him the very best for his future endeavors. The board chaired by Bombassei also approved Daniele Schillaci, who will be co-opted and appointed CEO of the company, from July 1, 2019.

Commenting on the announcement, Brembo’s executive vice-chairman, Matteo Tiraboschi, said: “I have learned with regret of Andrea’s decision to leave the company after the close cooperation we had for the last eight years, even though I have well understood the personal reasons that have led him to such life choice. In these years, Andrea has contributed to lead the company by ensuring the constant growth of our turnover across all markets, the expansion of our industrial footprint and the achievement of all our business objectives. I thus wish to thank him and at the same time convey all my very best wishes for a great success in his future activities.”

As a consequence, the new governance framework involves the inclusion within Brembo, as of July 1, 2019, of Daniele Schillaci in the position of CEO, and will report to the executive vice-chairman Matteo Tiraboschi.

Schillaci, who graduated in Industrial Technologies Engineering at Milan’s Politecnico in 1993, has over 25-years of experience in the automotive sector. After his initial experience at Renault and then as Alfa Romeo Brand Manager at Fiat Auto, Schillaci joined Toyota covering positions of increasing responsibility in Spain and France until he was appointed senior vice-president, Sales & Marketing Toyota Europe.

As of July 2015, he has worked in Japan in the role of executive vice-president and executive committee member of Nissan Motor Corporation, with the position of 'head of global sales and marketing and electric vehicles' for all the Constructor’s brands - Nissan, Datsun, Infiniti - focusing specifically on car production and market positioning. He was also appointed president of Japan and Asia Region with responsibility for production, engineering, development, sales & marketing, finance and has led Nissan’s 'Zero Emission Vehicles' project.

Schillaci speaks French, Italian, English, and Spanish.

Matteo Tiraboschi, said: "Daniele Schillaci is a top level executive with a solid global experience and a deep understanding of the automotive markets combined with a specific and wide knowledge in terms of autonomous driving, electrification and connectivity. Daniele brings to the company the added value of a strong strategic vision and of a leadership acquired in a truly global context, which are both crucial elements for leading Brembo’s development in the following years”.

Alberto Bombassei, chairman, Brembo said: “I wish to welcome Daniele Schillaci, an Italian manager coming back to Italy with pride and passion after spending 20 years abroad and from which we expect a strong contribution to the future development of the company. A strengthening to be sustained by both organic growth and external lines, identifying new opportunities in expanding markets and in business areas that are synergic with the ones manned by Brembo.”