Colaninno To Replace Pcs With People
He has no illusions about the difficulties ahead, not least the need to re-establish a sense of credibility surrounding the accounts and management of what was once one of the most prestigious names in Italian industry.
The latest blow was this weeks revelation that debt had nearly doubled between the beginning of July and the end of August to reach L2,394 billion ($1.58 billion).
This task is complicated by two factors. Although the 53-year-old Colaninno has built up a highly successful medium-sized motor components manufacturer, Sogefi, based in the northern town of Mantua, he has no direct experience of the IT sector and is little known among Olivettis international shareholders.
Second, his appointment