May 24, 2024

Raimondi Cranes, heritage manufacturer of intelligently-designed scalable heavy lifting solutions, announced the appointment of Luigi Maggioni to the role of Group Chief Executive Officer effective immediately.

The Board of Directors, represented by Raimondi Chairman HRH Prince Khaled bin Alwaleed bin Talal Al Saud, together with Executive Vice Chairman Ahmed Alkhoshaibi, formalized Mr. Maggioni’s appointment during their official visit to company headquarters in Arluno, Milan, Italy.

“Mr. Maggioni joins Raimondi Cranes bringing with him years of high-level executive experience. His recruitment reflects the company’s intentions to focus on upward trajectory and an overall business transformation,” remarked Prince Khaled.

The appointment builds on Raimondi’s recent corporate invigoration programs, including the launch of the company vision and brand identity. On the production front, Raimondi saw a significant number of new models rolled out, with the wider aim of increasing global market share.

With over 16 years of experience in European manufacturing, Maggioni is widely acknowledged as one of Europe’s leading senior executives. As former Chief Executive Officer of TK Elevator overseeing nine countries, his career achievements include extensive experience in managing global large-scale enterprises and corporate internationalization, alongside effective M&A.

“Maggioni’s appointment is in line with the company’s vision, aiming for an intersection of innovation and exemplary quality,” Prince Khaled continued. Building on Raimondi’s evolution and its mission of becoming the most responsive global leader in heavy lifting solutions, Maggioni’s CEO role extends to the entire conglomerate, including subsidiaries in Turkey and across the Middle East.

“I welcome this role as both a personal and corporate opportunity to carve out a new path for one of Europe’s homegrown manufacturers. I am proud to be joining a heritage entity like Raimondi, founded on a prestigious past. The current day company has a fresh approach to innovative R&D, and is steadfast in its core values,” said Maggioni, remarking on his appointment.

Shortly after Maggioni’s appointment, Raimondi’s senior leadership team welcomed additional new recruits, meant to bolster and execute tailored operational and financial strategies, to better harness competitive advantages.

“Leadership is rooted in a solid corporate culture in which direction, purpose and goals are shared and embraced by all team members. Building a Group identity that crosses borders, aligning around putting the Raimondi culture first will be the first step to significantly grow our business,” he concluded.

Maggioni’s upcoming plans include building out digital operations, mastering the after-sales offer, and other initiatives. Further, M&A and consolidations will be key strategies to advance the conglomerate’s overarching vision. This raft of initiatives aims to significantly diversify Raimondi product offerings, and position the company as a comprehensive solution provider in the heavy lifting industry.