MV Agusta gets new CEO Timur Sardarov and raises Euro 40 million

 MV Agusta gets new CEO Timur Sardarov and raises Euro 40 million

MV Agusta has raised an extra €40 million in subsidizing, the Italian firm reports, acquiring its aggregate gathering pledges to €50 million throughout the most recent a year, as the organization moves past its past monetary inconveniences.

This game plan should imply that Castiglioni will center around the everyday business of MV Agusta and its item lineup, while Sardarov will mind the organization’s money related future and enormous picture procedure, including the organization’s new strategy for success.

MV Agusta says that the new assets will upgrade its modern and business plan. The new path forward for MV Agusta centers around offering premium market motorcycles; building up a hearty merchant organize; and expanding the help for current and future MV Agusta bike proprietors.

The organization is set to dispatch its new four-chamber cruiser stage, which will begin with the MV Agusta Brutale 1000, which will make a big appearance at EICMA in only a couple of day’s time. From that point, a neo bistro racer model will dispatch with the four-barrel motor, and for the multi year another superbike will make a big appearance.

With the capital increment comes an adjustment in the initiative structure at MV Agusta, with Giovanni Castiglioni proceeding as the organization’s President, while financial specialist Timur Sardarov goes up against the job of the organization’s new CEO and Chairman of the Board.

Giovanni Castiglioni commented: “In the last 5 years MV Agusta made an important growth throughout the enlargement of its product pipeline ranging from 3 to 4 cylinders and different segments of the market.

Now is time to consolidate the efforts and concentrate to increase our service and network bringing to our customers a unique purchase experience, which reflects the values of our brand. On the financial side, I am proud of the incredible work we have done in the last 24 months that enabled us to reduce our net debt position by over 60% allowing MV Agusta to be a solid and stable company also thanks to the large amount of capital brought in by our shareholding company.

These important achievements are the results of a great teamwork that Timur and myself did in this intensive period. Now that MV Agusta is strong I can finally concentrate on the industrial side, which is what I love, having the clear objective of bringing to the market the most advanced products in the industry. I personally took to our Board the idea of Timur being the future CEO of MV Agusta and I am very happy he accepted this role: his vision and his focus on innovation will bring the group to the next level”.

Timur Sardarov, MV Agusta new CEO stated: “I joined MV Agusta almost two years ago and work closely with Giovanni and our team in order to bring to the company not only vision and strategy, but also the financial resources needed, allowing MV Agusta to become more modern and dynamic.

Source : M V Agusta

Akash Dolas

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