In the first part of 2011, Nuova Garelli SpA changed its company structure, and increased its
company capital. A new shareholder, [company name srl] currently owns 51% of the company
which, consequently, underwent an organisational restructuring.
Matteo Pagliano, Piaggio’s Managing Director during the Nineties, is Nuova Garelli’s new
Managing Director, and the company will benefit from his extensive expertise in the motorcycle
sector.