Italian distributor of replacement tyres, Fintyre has been awarded the tender for the supply of tyres for public transport vehicles, launched by ATM (Azienda Trasporti Milanesi), with an auction base of 2.632 million euro.
European Fintyre Distribution (EfTD) has appointed Francesco Saccani as its new managing director of RS Exclusiv and TyreXpert. He will report directly to Claudio Passerini, CEO of EfTD Germany, and will be responsible for leading the development and growth of the companies in northern Germany. EfTD added that the companies would seek to “enhance synergies” with the rest of the group.
The last couple of years have been something of a whirlwind for the European Fintyre Distribution project, which has seen the business grow from a key player in the Italian market into a wider European operation with aspirations of being the leading force in pan-European tyre distribution and perhaps even beyond. Tyres & Accessories recently met with European Fintyre chief executive officer Mauro Pessi in order find out more about the company’s decision to base its central headquarters in London as well as its general, ongoing growth.
European FinTyre Distribution Limited (EfTD) has appointed Massimiliano Messina as chief financial officer of the group.
Messina role makes him responsible for optimising the financial resources of the group and securing the synergy between its different companies. In addition, he will coordinate the merger and acquisition activity with the support of the management team and will report directly to Mauro Pessi, CEO of the group.
Italian tyre wholesaler Fintyre has acquired its regional rival, La Genovese gomme. The European Fintyre Distribution Ltd company has entered into a definitive agreement to purchase the Sardinia-based wholesaler and retailer.
Following on from last week’s announcement of the respective appointments of Michael Schwöbel und Michael Borchert as chief financial officer and chief commercial officer, London-based platform company European finTyre Distribution has announced the hiring of a new chief executive officer for its recently-acquired operations in Germany. As of 15 November, Claudio Passerini has taken on this role at European finTyre Distribution Germany Holding GmbH, Reiff Reifen und Autotechnik GmbH and tyre1 GmbH & Co. KG.
At the start of last month, London-based platform company European finTyre Distribution finalised its acquisition of German tyre dealer Reiff Reifen und Autotechnik and its wholesale subsidiary tyre1. The completion of this transaction has now been followed by the naming of a new leadership team for this business. As of 7 November, Michael Schwöbel is the new chief financial officer of European finTyre Distribution Germany Holding. On 15 November, he will be joined by Michael Borchert, who has been appointed chief commercial officer.