Biesse S.p.A. Announces Leadership Change with CEO Resignation

Biesse SPA ( (IT:BSS) ) has provided an announcement.

Biesse S.p.A. announced the resignation of Dr. Massimo Potenza from his roles as managing director, chief executive officer, and general manager to pursue new professional opportunities. The company has appointed Chairman Roberto Selci as the new Managing Director, ensuring continuity in leadership. The resignation includes a financial settlement and the continuation of a non-compete agreement, reflecting the company’s commitment to maintaining its strategic direction and long-term value creation for stakeholders.

The most recent analyst rating on (IT:BSS) stock is a Hold with a EUR9.50 price target. To see the full list of analyst forecasts on Biesse SPA stock, see the IT:BSS Stock Forecast page.

More about Biesse SPA

Biesse S.p.A. is an international company that produces integrated lines, machines, and components for processing wood, glass, stone, plastic, and composite materials. Founded in Italy in 1969 and listed on the Euronext STAR segment of the Italian Stock Exchange, Biesse supports the business evolution of customers in the furniture, furnishing & construction, automotive, and aerospace sectors. Approximately 80% of its consolidated revenue is generated abroad, supported by a global network with production areas and commercial showrooms in 19 countries.

Average Trading Volume: 93,255

Technical Sentiment Signal: Strong Sell

Current Market Cap: €198.7M

See more data about BSS stock on TipRanks’ Stock Analysis page.