Piaggio President Paolo Timoni to Be Honored by IACC

Piaggio Group Americas (PGA) announced yesterday its president and CEO, Paolo Timoni, will be presented with the 2010 Business and Culture Award by the Italy-America Chamber of Commerce (IACC) this spring. PGA distributes motor scooters and motorcycles marketed under the Aprilia, Moto Guzzi, Piaggio and Vespa brands.

“My tenure at Piaggio Group Americas has given me the opportunity to expose contemporary Italian design to scooter and motorcycle enthusiasts,” Paolo Timoni said in a release. “I am honored to be recognized for PGA’s business results due to the successful products launches of iconic Vespa scooters, historic café racer inspired Moto Guzzi motorcycles and the advanced technological motorcycle marvels like the Aprilia RSV4. I will continue to raise awareness of forward-thinking Italian designers and manufacturers.”

Under Timoni’s leadership which began in May 2005, PGA’s scooter market share increased with 12 percentage points by the end of 2009, with a 33.8 percent market share for 2010. Timoni also oversaw the launch of the highly successful “Vespanomics” marketing initiatives.

As for PGA’s motorcycle market share, it has almost tripled since 2005. PGA’s overall motorcycle sales increased 20.3 percent in 2008, with both the dual sport and off-road segments included in the total.

“By presenting this award, the IACC is able to advance the knowledge of Italy, its culture and the achievement of businessmen and women in both countries. Mr. Timoni has succeeded in making the Aprilia, Moto Guzzi, Piaggio and Vespa brands household names in the U.S. and in doing so, has contributed not only to the preeminence of PGA as the leading manufacturer of motor scooters in the U.S., but also to the overall reputation of excellence associated with many Italian products in this country,” stated IACC President Claudio Bozzo.
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