Roberto Colaninno - PIAGGIO C Chairman of the Board, CEO

Mr. Roberto Colaninno is Chairman of the Board, Chief Executive Officer of Piaggio C. S.p.A. He was Chairman of IMMSI S.p.A. and Chair of the Advisory Board of Piaggio Fast Forward, a company headquartered in Cambridge, Massachusetts . After his early experience in Italian auto components maker Fiaam, of which he became Chief Executive Officer, in 1981 Mr Colaninno founded the Sogefi company in Mantua. Under his leadership, Sogefi expanded to become one of Italys primary auto components players and a stocklisted company. During this period, he held senior positions in a number of leading US and British automotive multinationals. In September 1996, he was appointed Chief Executive Officer of Olivetti, at a time when the Ivreabased company was experiencing a serious crisis. Thanks in part to international agreements, he rapidly restored Olivetti to health and transformed it into a telecommunication holding. In February 1999, Mr Colaninno led Olivetti in a public tender offer for Telecom Italia worth more than 60 billion, the largest takeover bid ever made in Italy up to that time. Olivetti acquired approximately 51 percent of Telecom Italia and Mr Colaninno was appointed Chairman and Chief Executive Officer of the company, as well as Chairman of TIM, holding these posts until July 31, 2001. In September 1998, he established Omniaholding S.p.A., the familyowned financial company of which he is Chairman. In September 2002, Mr Colaninno joined other partners to form Omniainvest S.p.A., a holding in which Omniaholding currently owns the majority. In November 2002, through Omniaholding and Omniainvest, he acquired IMMSI S.p.A., a stocklisted real estate holding company. Beginning in February 2003, IMMSI also acquired shareholdings in industrial and services companies, notably control of the Piaggio Group and of the Intermarine Group. since 2006.