20th August 2009 - Mauro Pessi, CEO and Managing Director, to Leave Brembo Brakes

Alberto Bombassei, President of Brembo, appointed by Board of Directors as new Managing Director

It has been announced that Mauro Pessi, hitherto Managing Director and CEO of Brembo S.p.A, is to relinquish his position with the company by mutual agreement. Accordingly, as of 31 August 2009, Mr Pessi will cease to occupy the position of Managing Director, and all other offices held currently within the Group. The decision comes as the result of differences in ideas regarding the lines along which the organizational structure of the company should develop.

In the light of this event, the Board of Directors of Brembo S.p.A. met today and appointed Alberto Bombassei, President of Brembo, as Managing Director with effect from 1 September 2009, investing him with full executive and management powers of the office.

The President and newly appointed Managing Director of Brembo stated: “There is to be no change in the company’s plans: we will continue to develop the current lines of corporate strategy under the same strong team of managers that has overseen the international expansion of Brembo in recent years. In particular, the medium/long term focus continues to be on growth achieved by further penetration of the BRIC countries (especially India, China and Brazil), by expansion of our product range and on investments in innovative materials and products”