Dainese, one of the leading brands of motorcycle (and other high performance sport) gear has a new CEO – Cristiano Silei has been appointed Chief Executive Officer and member of the Board of Directors, effective immediately. Silei has 20 years of experience in the motorcycle industry with fellow Italian brand, Ducati and later in his career was CEO of Ducati North America and Vice President of Sales and Marketing.
Silei was introduced to Dainese by Federico Minoli, who has served as Dainese’s CEO since 2012. Mr. Minoli will assume the role of Chairman going forward. “Cristiano is the perfect person to lead Dainese, and will contribute his unique experience and skills to accelerate its international expansion and product innovation,” Minoli said.
“Dainese is one of those rare companies to have truly created a new market through technology and innovation, and I am honored to have been chosen to lead the company,” Silei said. “The opportunity ahead for Dainese to further capitalize on its global brand and superior product offering is vast.”
“We are at the start of an exciting new phase for Dainese, and we look forward to working with Cristiano as he leads the company to its next stage of growth while maintaining the mission of Dainese to save people’s lives” said Gilbert Kamieniecky, Partner of Investcorp’s European Corporate Investment team and member of Dainese’s board of directors.
Lino Dainese, founder of Dainese recently sold 80 per cent of the company to private equity firm Investcorp. Investcorp is a manager of alternative investment products, for private and institutional clients. Its principal client base is in the six countries of the Gulf Co-operation Council, but it also has institutional clients in North America and Europe.
The company offers investments in corporate investment, real estate and hedge funds, and has arranged investments with a combined value of approximately $44 billion. It typically places the private equity of companies and real estate properties it acquires directly with investors on a deal-by-deal basis, rather than through a fund structure.