Mascioni Chairman Exits Company

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.

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