Cavotec’s new CFO

Last week we announced the appointment of a new Chief Financial Officer, Diego Fiorentini, who will relieve John Polatz on January 1, 2010.

Diego Fiorentini, Cavotec CFO

Diego Fiorentini, Cavotec CFO

Fiorentini comes to Cavotec MSL after nine years with Italmobiliare, the holding company of the Italcementi group, an Italian publically listed company with revenues of EUR six billion.  It is ranked as the fifth largest cement producer in the world. At Italmobiliare, Fiorentini held positions ranging from Corporate Finance Director, Co-Head of Finance and Corporate Treasurer. Before Italmobiliare, Fiorentini served as Head of Financial Back Office for power and automation group ABB, at their Treasury Center in Milan.

Fiorentini is an Italian citizen, resident in Switzerland and is fluent in both Italian and English. He holds an MSc in Corporate Finance from Bocconi University, Milan. He will be based in the Lugano headquarters and replaces Cavotec MSL’s outgoing CFO, John Polatz, who will remain at Cavotec as Investor Relations Manager.

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