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PIAGGIO USA, INC. APPOINTS NEW PRESIDENT AND CEO Paolo Timoni Brings Over 15 Years of Branding, Sales and Development Expertise to US Team Piaggio USA, manufacturer of the world-famous Vespa(R) scooter and pioneer of the two-wheel vehicle, announced today the appointment of Paolo Timoni as the new president and CEO of Piaggio USA, Inc. Mr. Timoni, who previously served as senior vice president of sales and marketing for the Piaggio Group worldwide, has relocated to the U.S. and will be responsible for leading all U.S. brand operations, as well as developing North and South American expansion opportunities. Mr. Timoni''s appointment represents Piaggio Group''s focus on aligning senior leadership with strong growth opportunities around the globe. Since returning to the U.S. market in 2001, Piaggio and its dealer network have made great headway in increasing brand awareness, building excitement about scootering, and driving sales. Recent acquisitions by Piaggio Group of Aprilia and Moto Guzzi have also opened substantial opportunities in the large and well-established U.S. motorcycle market.
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