RENK Group to Found Subsidiary RENK ITALIA Srl with Future Headquarters in La Spezia
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RENK Group to Found Subsidiary RENK ITALIA Srl with Future Headquarters in La Spezia
- La Spezia will be a strategically important location for RENK Group AG
- Sergio Rizzi appointed CEO of RENK ITALIA Srl
- Admiral Pier-Federico Bisconti becomes Chairman of the Board
La Spezia, October 22, 2024 – RENK Group AG, a leading supplier of military and civilian propulsion solutions, announces the foundation of RENK ITALIA Srl. The new subsidiary will be based in La Spezia, a strategically important region, particularly for the Group’s military business. RENK Group AG is thus strengthening its proximity to Italian customers and partners, while expanding its presence in the Mediterranean region.
“The establishment of RENK ITALIA Srl is an excellent fit with our global expansion strategy. It strengthens RENK’s position as provider for propulsion solutions in the fields of security and renewable energy. With our local presence, we are moving closer to Italy's technological and industrial base – one of the pillars of European defense. Thus, RENK is ideally positioned to meet existing and future requirements of Italian customers and partners”, says Susanne Wiegand, CEO of RENK Group AG.
La Spezia Site Supports European Defense Strategy
At the same time, the location enables RENK to provide European customers and partners with targeted support for their projects. Susanne Wiegand, CEO of RENK Group AG, emphasizes: “RENK ITALIA Srl will make an important contribution to strengthening the competitiveness and operational readiness of the European defense industry.”
A highly experienced team composed by Sergio Rizzi, CEO of RENK ITALIA Srl, and Pier-Federico Bisconti, Chairman of the Board of RENK ITALIA Srl, takes over the management of the new Italian branch.
“With Admiral Pier-Federico Bisconti and Sergio Rizzi, we have two experts on board to successfully continue our mission in Italy and further strengthen our position as leading global provider of mission-critical propulsion solutions”, adds Susanne Wiegand, CEO of RENK Group AG.
About RENK Group AG
Headquartered in Augsburg, Germany, RENK Group AG is a globally leading manufacturer of mission-critical propulsion solutions across diverse military and civil end markets. Our product portfolio includes gear units, transmissions, power-packs, hybrid propulsion systems, suspension systems, slide bearings, couplings & clutches and test systems. With this broad product portfolio RENK Group AG serves, in particular, customers in industries for military vehicles, naval, civil marine, and industrial applications focused on energy. In the fiscal year 2023, RENK Group AG generated revenue of EUR 926 million. RENK Group AG is listed on the Frankfurt Stock Exchange since February 7, 2024, and is a member of the SDAX since May 9, 2024.
For more information visit: www.renk.com
About Admiral Pier-Federico Bisconti and Sergio Rizzi
Admiral Pier Federico Bisconti, Chairman of the Board of RENK ITALIA Srl since 2024, was born in Abbadia San Salvatore (Siena), Italy. After attending the "Francesco Morosini" Naval School in Venice, he entered the Naval Academy and graduated as an ensign in 1985. Specializing in Operations and Electronic Warfare, during his career he commanded the minesweeper "NUMANA", the frigate "SCIROCCO", and the destroyer "DURAND DE LA PENNE", participating in several national and international missions. Between 2009 and 2012, he worked at the Italian Embassy in Paris as a naval attaché in France. After his promotion to Rear Admiral, he was appointed Deputy Director of the International Relations and Policy Department of the Defense General Staff. From June 2013 and for over four and a half years, he was assigned to the Ministry of Defense as Deputy Chief of the Minister's Cabinet. After this experience, he returned to the Naval Staff from 2017 to 2019, where he headed the Maritime and Naval Policy Department. Promoted to Rear Admiral, he was appointed Chief of Staff of the Interforce Summit Operations Command from 2019 to 2021, and then served as Director of Naval Personnel in Rome. Finally, in 2022, he assumed the post of Deputy Secretary General of Defense and Deputy National Armaments Director until his transition into the reserve due to age limit.
Sergio Rizzi was born in Milan, Italy. He holds a degree in Aeronautical Sciences from the Academy of the Italian Air Force. His military career began in 1985. During the following ten years, he participated in various national and international missions as a Panavia Tornado Weapons Systems Officer. In 1995, he moved to the private industry and joined technology group Asea Brown Boveri (ABB) as Head of Sales DACH Low-Voltage Division. In 1996, within the ABB Group, Mr. Rizzi took on the position of Regional Sales Manager Germany before being appointed Head of Regional Sales Europe in 2011. In 2017 he became Head of International Sales & Marketing of the Spectrum Dominance & Airborne Solutions Division at HENSOLDT AG, where in 2021, he took on the position as Sr. Director of Strategy & Business Development. In 2024 he was appointed CEO RENK Italia Srl.
Disclaimer
This Press Release contains forward-looking statements that are based on plans, expectations, estimates and projections of the management of RENK Group as at the date of this Press Release. These plans, expectations, estimates and projections depend on a variety of assumptions and are subject to unforeseeable events, uncertainties, known and unknown risks as well as other factors that may cause actual results or the actual financial situation, development or performance to differ from those expressed or implied in the forward-looking statements. RENK Group does not assume any obligation to update the forward-looking statements or make adjustments to them to reflect events or developments occurring after the date of this Press Release unless obliged by statutory law.
Mit freundlichen Grüßen | Best regards
Fabian Klee Head of Corporate Communications & Group Spokesperson | Corporate Communications
Email fabian.klee@renk.com
Mob.: +49 1607154647
