ITEMA with a new CEO and new formal company structure

ITEMA with a new CEO and new formal company structure

Italian/Swiss ITEMA Group has formed ITEMA SpA for its weaving machine business and the former division has a new CEO.

Carlo Ragora is the new CEO for the newly formed weaving business company and includes the manufacturing sites in Italy, Switzerland and China as well as the sales and service companies in the U.S.A., Asia, India & Japan. The company has proceeds of around EUR 250 million and an operational result of over 10% EBITDA and claims more than 200000 globally installed weaving machines. Ragora has held management positions with companies such as IBM, Pirelli but also with family owned businesses.

www.itemagroup.com


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