MILANO – The founder and CEO of has died ConstructionAcrobatics Riccardo Iovino. The entrepreneur died following a sudden illness. The company itself communicates this. The manager, through the family holding, Arim Holding, held a stake equal to approximately 76.24% of the share capital ‘He was an extraordinary and far-sighted entrepreneur, capable almost 30 years ago of realizing the potential of a technique that , borrowed from the world of sailing and mountaineering, could be effectively applied to the world of construction: the double safety rope”, writes the company in the note.
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However, the management’s intention is to ‘continue on the path that Riccardo Iovino had opened, also indicating the next objectives that we are certain of achieving, exactly as he wanted’. As regards succession, the board of directors will meet shortly to define the next steps. The reaction on the stock market was very negative, with the stock dropping by almost 15 points.
Fifty-eight years old, originally from Genoa, after having worked abroad as export manager of a company in the fishing sector – we read on the company website – Iovine then returned to Italy to create and found Ediliziacrobatica, founded in 1994. The company it closed 2022 with a turnover growing by 54% to 134.5 million euros and a profit of 15.2 million euros (+37.5%).
2023-09-26 12:13:51
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