Italy’s CIFA Group accepts resignation of CEO

Italy-based concrete mixers and pumps manufacturer CIFA has accepted the resignation of CEO Davide Cipolla, after a career with the company stretching back to 1992.

Cipolla took the help of the CIFA Group 15 years ago and decided to step down as he nears retirement age.

He will be replaced by Paolo Gandola, who has been appointed as the new CEO of CIFA and deputy general manager of the concrete machinery business unit of Chinese OEM Zoomlion, which owns CIFA.

In a statement, the company said, “During his tenure, CIFA underwent a significant phase of industrial development and expansion of its international presence, consolidating its expertise, processes, and production facilities. The Group recognizes his central role in the growth of recent years and in building the solid relationships that characterize the CIFA brand today.

“The Group thanks Davide Cipolla for his work and contribution to the development of CIFA and wishes Paolo Gandola every success in his new role.”