FEDERICO TESTARELLA APPOINTED CHIEF EXECUTIVE OFFICER OF CELLI GROUP. ANGELOS PAPADIMITRIOU CONTINUES AS EXECUTIVE CHAIRMAN.

Ardian-owned Celli Group, global leader in the design and manufacturing of beverage dispensing equipment and accessories, announces the appointment of Federico Testarella as Chief Executive Officer. Angelos Papadimitriou continues in his role as Executive Chairman of the Board of Directors.

Federico Testarella brings significant experience in managing advanced industrial technology businesses, gained over the last 13 years throughout various roles within the Coesia Group, a global leader in industrial and packaging solutions. Federico most recently served as the Chief Executive Officer of the Consumer Market Solutions Division of Coesia. Before Coesia, Federico worked at McKinsey & Company, supporting leading Italian and international industrial clients. Born in Narni (TR), Testarella holds a Mechanical Engineering degree from University La Sapienza in Rome and an MBA at INSEAD.

Angelos Papadimitriou stated: "On behalf of the Board of Directors, I would like to welcome Federico Testarella, a highly competent and dynamic manager with whom I have worked closely in the past. Federico has several years of experience in managing international industrial businesses, with a track record of accelerating their development and growth. His appointment is part of the strategic decision of the new Board of Directors to kick off a new phase of solidity and growth for Celli, reaffirming our commitment to the Group's customers, suppliers, and employees."

Marco Bellino, Managing Director Buyout, Ardian and member of Celli Group Board of Directors, commented: "Innovation and sustainability are values shared by Celli and Ardian. We are proud to accompany the Group and its management team in this new chapter of Celli's long history. With the appointment of Federico as CEO, Celli Group gains a highly talented manager. I am confident that, thanks to his solid experience and strategic vision, Federico will guide Celli through this pivotal phase of development."

Federico Testarella stated: "I am honoured to join Celli and become part of the team, to invest in the group and lead its development. Celli is the global leader in the beverage dispensing systems industry, and over its 50-year history, it has made innovation, quality, and sustainability its distinguishing features. Together with my team, we will work to make Celli Group even stronger in its markets and seize all the multiple opportunities for development and growth in the various countries where we operate, making our customers, employees, and suppliers the centre of our growth."