01 December 2022

Galdi Appoints Three Independent Board Members

A company’s dimensional growth must go hand in hand with the evolution of its corporate culture and organisational structure.

With this vision in mind, Galdi has always invested in People, in the development of Skills and in the acquisition of Manufacturing and Digital Technologies, with the goal of creating value for the Shareholder and benefits for all Stakeholders involved: Employees, Partners in the Supply Chain and the Local Community.

This development model, which focuses on innovation and exceptional customer service, originated with the founder Galdino Candiotto, who currently chairs Mangh Srl, the family's holding company which owns 100 percent of Galdi's shares. 2020 marked the transition of the family business to the second generation, with the appointment of Antonella Candiotto as Galdi's CEO.

Following an in-depth Corporate Assessment process, during which the Company also drafted its first proper Industrial Plan, and having successfully completed the ELITE programme promoted by Borsa Italiana (Italian Stock Exchange), Antonella Candiotto felt it was time to have external managers join Galdi's governance team. In an increasingly global, complex and challenging environment, the goal was to bring different experiences and backgrounds to the table, putting together a team capable of operating effectively, in close partnership with the owning family, to reduce risks and create more opportunities for growth

"Getting a broader and more articulated view of the global market in which we are called to compete, improving our sustainability profile, attracting talents who can help increase our performance, and assessing internal and external options for growth. These are our main goals, which I am sure I can accomplish even more successfully thanks to the contribution and interchange of ideas with the three Independent Board Members I appointed. I have high expectations of them. With very clear responsibilities based on their personal experience and background, they will analyse strategic processes for the firm’s competitiveness, along with internal and external development opportunities, with a view to keeping the company's high level of attractiveness and profitability." Antonella Candiotto

The three external directors in the newly appointed board are:

  • Massimiliano Castoldi, who has gained international experience during his time with McKinsey and is currently Partner at Adacta. He will be in charge of organisational activities and business process analysis with a focus on streamlining the company's structure;
  • Claudio De Nadai, Founder and Managing Partner at BModel Advisory Boutique, who has over 20 years of experience in Corporate Finance and M&A. He will coordinate the company's Management Accounting activities and be in charge of selecting and reviewing strategic M&A projects;
  • Michele Falzetta, Managing Director at Latteria Soresina, market leader in the dairy industry with a turnover exceeding €400 million, who will preside over the formulation and study of the development strategies to be included in the 2023-2027 Business Plan.

Founder Galdino Candiotto, who remains on the Board as Vice President, and his wife Maria Quaggiotto, who will stay on as Board Member, will assist the executive directors with their experience and strong family values.

“I’m really looking forward to this new challenge, knowing that I will be supported by competent and motivated people I respect and who, I am sure, will help us achieve our sustainable growth objectives." Antonella Candiotto

On top of reviewing its bylaws and appointing a new Board of Directors, the Company, which has produced a Sustainability Report for several years, simultaneously became a Benefit Company.