Massimiliano Bizzarri was named chief executive officer of the Rancilio Group, which is an Ali Group Company. He succeeds Ruggero Ferrari, who spent four years in the role.

"I have decided to leave the Group for family reasons and to dedicate myself to new professional goals, but I will continue enthusiastically to follow the evolution of the Rancilio Group,” Ferrari said in a statement.

Bizzarri joined Ali Group in September 2023 as senior vice president EMEA APAC and has since served as division president for Interpump Group, which makes pumps and food processing equipment, and as business unit CEO at GEA Group, which makes pasta and extruded products.