Ducati board approves initial reorganization plan
August 12, 2008
Filed under Features
Ducati’s board of directors has approved the guidelines of a reorganization plan that would see a change in the company’s controlling stakeholder.
That shareholder, Performance Motorcycles, currently holds 86.7 percent of the manufacturer’s stock.
As part of the reorganization, Ducati will delist the company’s stock. The company said the “delisting will allow for more flexibility in the company’s management and the reduction of all direct costs involved in the status of a listed company.”
The reorganization is expected to be approved by the company’s board of directors in September.
Michael Lock, CEO of Ducati North America, recently returned from Italy and told Powersports Business that he sees several positives from the reorganization, including more investment by the controlling stakeholder.
For more of Lock’s comments about the reorganization, see an upcoming edition of Powersports Business.