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Piaggio Aero Names New President and CEO for America

Genoa, Italy – This week Piaggio Aero Industries named John M. Bingham as President & CEO of Piaggio America Inc. the US subsidiary of the Italian aircraft manufacturer, which is responsible for the distribution of the company’s successful Piaggio Aero P.180 Avanti II aircraft in the Americas.

John Bingham’s career spans the high luxury automobile industry, where he served as Vice- President of Rolls-Royce &Bentley Motor Cars, Inc., and most recently in General Aviation as Executive Vice President, for Cirrus Design, with the added worldwide role of Managing Director of Cirrus International.

The new Piaggio America CEO has considerable professional and managerial experience also with Piaggio Aero Industries having joined the company as Piaggio America Executive Vice President, and most recently adding the worldwide responsibilities of Chief Marketing Officer Piaggio Aero in 2009. Bingham retains this position in his new CEO role.

Alberto Galassi, CEO of Piaggio Aero Industries said “John is highly regarded in the aviation industry, and he brings his proven strengths to this new role in Piaggio America. Piaggio Aero has a unique product requiring unique innovations, and our company will benefit from John’s experience and strong marketing skills in both the important American and international markets”

Former Piaggio America President and CEO Tom Appleton has retired but, he will remain active in the company as a consultant to Piaggio Aero

“I’m very pleased to take on this new role in a company that includes as shareholders some of the most important industrial and financial groups of the world, and thank Alberto Galassi and Piaggio Aero’s board of Directors for the trust and responsibility they have put in me” stated Bingham. “. The Piaggio Avanti II has become a very successful aircraft and, with the continued support and contribution of our shareholders, our workers and all Piaggio Aero partners we can confidently seek out new market opportunities to grow the company further.

Piaggio Aero also named Bingham to the Board of Directors of Piaggio America Inc. as well as Giuliano Felten – Piaggio Aero Deputy General Manager & CCO, and Marco Zammarchi, Piaggio Aero CFO.

www.piaggioaero.com