Mascioni Chairman Exits Company
May 4, 2009-- Home Textiles Today,
Alberto Mascioni has stepped down as chairman of the 52-year-old fabric printing and bedding manufacturing company, effective April 26. His brother, Carlo Mascioni, is now ceo. He had been co-ceo.
In a letter to colleagues and clients, Mascioni wrote about the company's achievements as well as "the relationships of sincere respect and deep friendship that I have been fortunate enough to enjoy over the years with the truly outstanding people that I have encountered both in Italy and worldwide."
Last summer, Zucchi Group signed an agreement to buy 50% of the company shareholdings from the Mascioni family. That acquisition added to the majority stake Zucchi had purchased in 1988.