Angel Sánchez has become chief executive officer of Dainese Group, parent of the Dainese riding apparel, AGV helmet and TCX boot brands, as well as a recently acquired license for the Momo Design range of motorcycling products. He replaces former Ducati corporate veteran Cristiano Silei, who has served as Dainese’s CEO for the past nine years. Silei will remain with the business in a new role of non-executive chairman.
Now majority-owned by global private equity investor Carlyle, Dainese achieved double-digit percentage growth reaching £260m in revenue last year. Forward steps during 2022 featured investment to establish a direct presence in China and opening a new production facility in Vietnam. Sánchez will be responsible for leading the company into its next stage of growth, including continued international expansion, development of its multi-channel proposition and a shift towards an increasingly direct-to-consumer distribution strategy.
“We are pleased that Angel has joined Dainese at this important moment in its history,” commented Massimiliano Caraffa, MD of the Carlyle Europe Partners advisory team. “He brings with him a wealth of experience and an exceptional track record that make him the ideal candidate.”
Prior to joining Dainese, Sánchez was CEO of Conserve Italia, one of the largest food and beverage cooperatives in Europe. He also previously held the position of CEO at ABM Italia, a European manufacturer of cabinets, shelving and other storage products, until the company was sold to Keter, a manufacturer of high-quality consumer plastic products. At Keter, Sánchez was chief marketing officer before his promotion to deputy CEO and head of Europe.
Cristiano Silei added: “It has been an honour to lead Dainese, a phenomenal business with significant growth potential, and I am truly excited to welcome Angel and support him as we continue to consolidate the company’s positioning in R&D, innovation and technical excellence, while accelerating our expansion.”