New CEO for Raimondi

Milan, Italy-headquartered tower crane manufacturer Raimondi Cranes has announced the appointment of Luigi Maggioni to the role of Group Chief Executive Officer.

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

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

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

Maggioni has over 16 years of experience in European manufacturing. As former Chief Executive Officer of TK Elevator, overseeing nine countries, his career achievements include experience in managing global large-scale enterprises and corporate internationalisation, 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 continues.

Building on Raimondi’s evolution and its mission of becoming a 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,” says Maggioni. “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.

“I firmly believe in the vision of the Raimondi Board of Directors. I am committed to injecting energy and momentum into activating the larger conglomerate’s mission, with the support of an experienced group of multinational team members. The passion, vigour, and determination, coupled with a strategic business development plan of action, will facilitate the internationalisation of the brand while increasing the market share.”  

Strategically Maggioni will initially focus on maximising production efficiency, quality control excellence, and aggressive expansion under the ‘Made in Italy’ hallmark. Additionally, drawing on various segment strengths, Maggioni intends to unify the wider Group to unlock further growth potential.

Shortly after Maggioni’s appointment Raimondi’s senior leadership team welcomed additional new recruits with the aim of bolstering and executing 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,” Maggioni concludes. “Building a Group identity that crosses borders, aligning around putting the Raimondi culture first will be the first step to significantly grow our business.”

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