Raimondi appoints Luigi Maggioni as CEO

Left to right: Luigi Maggioni, Prince Khaled, Ahmed Alkhoshaibi. Photo: Raimondi Cranes

Tower crane manufacturer Raimondi Cranes in Italy appointed Luigi Maggioni as Group chief executive officer.

Raimondi chairman HRH Prince Khaled bin Alwaleed bin Talal Al Saud and executive vice chairman Ahmed Alkhoshaibi formalised the appointment at Raimondi headquarters in Arluno near Milan. Dubai-based KBW Investments owns Raimondi.

Commenting on the move Prince Khaled said, “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.”

Maggioni has more than 16 years of experience in European manufacturing. He was formerly CEO at TK Elevator, overseeing nine countries.

His appointment is part of a corporate invigoration programme. In October 2022 there was the launch of the company vision and brand identity, plus introduction of new crane models. The plan is to internationalise the brand and increase global market share.

Luigi Maggioni, Raimondi group CEO. Photo: Raimondi Cranes

Full responsibility

“Maggioni’s appointment is in line with the company’s vision, aiming for an intersection of innovation and exemplary quality,” Prince Khaled continued. The new CEO will be responsible for the entire conglomerate, including subsidiaries in Turkey and 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.

His first areas of focus will be to maximise production efficiency, quality control, and expansion.

Plans include building out digital operations and mastering the after-sales offer, the company said. Mergers, acquisitions and consolidation were said to be “key strategies to advance the conglomerate’s overarching vision.”