Piaggio Group Americas (PGA) CEO and President Paolo Timoni has stepped down to pursue other professional interests, the company announced Tuesday.
Miguel Martinez, former general manager of Piaggio Spain, will immediately succeed Timoni, who served as CEO for six years.
During his three years at Piaggio Spain, Martinez increased Piaggio Group’s Spanish market share by 2 points. Before joining Piaggio, Martinez was the general manager of Ferrari and Maserati S.p.A. for Spain and Portugal for three years. Prior to that, he was the general manager of export markets for Derbi worldwide and Piaggio Latin America.
“The opportunity to lead Piaggio Group Americas in its next phase is extremely exciting for me and a challenge I welcome as the opportunity for growth in this market is great,” Martinez said in a press release. “The Piaggio Group portfolio of Italian products represents the highest quality, most innovative and stylish motorcycle and motor scooters available on the market today. I look forward to working with our experienced dealer body and continuing to grow sales and market share in North America.”