CTE SpA announces a new direction for its UK subsidiary: Jimmy Bunting appointed General Manager of CTE UK

• Jimmy Bunting is appointed General Manager of CTE UK, effective March 1, succeeding Massimo Franceschi.

• Jimmy's experience and collaboration with Massimo ensure continuity and growth for the UK subsidiary.

• Massimo Franceschi will focus full-time on commercial strategies in key European markets.

• CTE SpA emphasizes promoting internal talent and strengthening its global presence through this leadership change.

CTE SpA is pleased to announce an important change at the top of its UK subsidiary. From 1 March, Jimmy Bunting will officially take over the helm of CTE UK as General Manager. Jimmy takes over from Massimo Franceschi, who had held the position until recently. Jimmy´s appointment represents a choice of continuity and natural growth: over the years, Jimmy has not only successfully managed the subsidiary´s operations but has also worked side by side with Massimo Franceschi in commercial development, acquiring a deep knowledge of the British market and the brand´s values.

Massimo Franceschi, having successfully completed his transition mandate in the UK, will return to focus full-time on the brand´s commercial strategies, dedicating himself to the development of the most strategic European markets.

Marco Govoni, COO of CTE SpA, commented enthusiastically on the new structure:

“We are extremely confident in entrusting the leadership of CTE UK to Jimmy. His experience and the work he has done in synergy with Massimo are the best guarantee for CTE´s future in an area that is fundamental for us. At the same time, Massimo´s return to the European scene will allow us to accelerate our growth in key markets.”

With this appointment, CTE SpA confirms its desire to promote internal talent and strengthen its global presence thanks to solid and competent professionalism.