Structure

01

Headquartered in beautiful Italy

The headquarters of the Group lies nestled in the beautiful scenery of the Lake of Garda, in the Trentino region of Italy.
This beautiful landscape is a great source of inspiration for the sustainability values we pursue and the challenges we face every day.

From Italy to the world

Aquafil has steadily expanded its leadership of the sector due to:

its policy of acquisition and investments in and creation of new companies and manufacturing facilities on an international level

its 3 specialized business units – BCF, NTF and Energy & Recycling – ability to support the Group's growth in all sectors in a diversified market

a central division responsible for the strategic management, coordination and control of the Group's growth policies

02

Corporate structure and organization

03

Two main entities govern the Group:

Board of Directors

Define the Group's global strategies by implementing actions for growth, launching new activities in various sectors and implement plans for investment, control and assessment of results.

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  • Chairman and CEO – Giulio Bonazzi
  • Honorary Chairman – Carlo Bonazzi
  • Executive Director – Fabrizio Calenti
  • Executive Director – Adriano Vivaldi
  • Director – Edi Kraus
  • Director – Mauro Moretti
  • Director – Michele Prencipe

The Management Executive Committee

Supports the Board of Directors in implementing its strategic decisions through operational interventions in industrial, logistical and commercial issues. The Committee monitors the Group's performance, progress of projects and policies relating to workplace.

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PROFILES OF BOARD MEMBERS

04

Giulio Bonazzi

Chairman and CEO of Aquafil S.p.A.

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Giulio Bonazzi

Born in Verona, Italy in 1963, Bonazzi graduated in Business Economics from the University of Venice. In 1987 he started his career working in the family business. After a year working in the commercial and technical divisions of Aquafil, he attended a six-month training course at Horizon Carpet in the United States. In 1989 he became assistant production manager at the Arco plant, and a year later took over management of the division. Since 1991, he has been a key figure at the Rovereto plant where he implemented a restructuring program with the aim of rebalancing the accounts and boosting productivity. In early 1992, he was given the task of restructuring Tessilbrenta, one of the family's businesses. He was involved in the expansion to Slovenia, assisting with the acquisition of the Kranj factory. In 1994 he returned to Aquafil, working on the acquisition of Julon d.d., an enterprise which has become a fundamental asset for the Group. From 1995 to 1998 he held the office of general manager at Julon, relocating with his family to Slovenia. In 1999 he returned to Italy as Vice Chairman of Aquafil before becoming Chairman of the Group in 2008. He served as president of CIRFS, the European Association of man-made fiber producers, from 2011 to 2014. Recently he became President of Confindustria Trento, the Employers’ Association of the Province of Trento.

Carlo Bonazzi

Honorary Chairman of Aquafil S.p.A.

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Carlo Bonazzi

Born in Mantua, Italy in 1929, he founded the Aquafil Group. After attending the Classical Lyceum, he immediately started to work in his father's fabric store. In early 1956, he and his wife Silvana opened a clothing business producing raincoats at a factory in Verona. In 1969, he founded Aquafil and held the position of chairman until 2008.

Adriano Vivaldi

CFO and Executive Director of Aquafil S.p.A.

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Adriano Vivaldi

Born in Riva del Garda, Italy in 1962, Vivaldi began his career atafter a Beretta Armi Group before joining Aquafil in 1988 when he took over the administration of the Group's subsidiaries. Initially served with the task of supervising both companies in the Trentino region, he was later given the responsibility of all Italian and foreign subsidiaries. During this period he was involved in all acquisitions, as well as the planning of control systems. In 1998, he assumed responsibility over Human Resources. In 2000, he was named Chief Financial Officer and joined the Board of Directors in 2003 as Managing Director of Administration.

Mauro Moretti

Director of Aquafil S.p.A..

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Mauro Moretti

Prior to founding Three Hills Capital Partners in 2013, Moretti was a partner at Hutton Collins which he joined in 2008.He has worked on and led a number of investments and currently represents THCP on the Boards of Directors. He also continues to represent Hutton Collins on the board of Hunter. He has also served as non-executive independent board member of several private European companies. Previously, he worked at BC Partners, the pan European private equity firm, in both the Milan and London offices. He worked on several projects including the sale of Galbani and the acquisition of Migros. Moretti graduated in business administration from Bocconi University and also attended Copenhagen Business School majoring in Corporate Finance. He speaks Italian and English.

Michele Prencipe

Director of Aquafil S.p.A.

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Michele Prencipe

Principe joined Three Hills Capital Partners in 2013 as a founding member. Prior to that, he worked at Hutton Collins and was part of the team leading the investment in Dedalus, which he continues to monitor for THCP along with Hunter for Hutton Collins. . Formerly, he worked for the Italian private equity firm Clessidra, where he was involved in several projects including the acquisition of chemical manufacturer Euticals and the public offer for Telecom Italia Media. Earlier in his career, Michele was part of the European Investment Banking Division at Merrill Lynch where he worked on several mergers, acquisitions and IPOs for both corporate clients and financial sponsors. Michele holds an MBA from NYU Stern School of Business and an MSc in Industrial Engineering from the Polytechnic Institute of Milan. He speaks Italian and English.

Fabrizio Calenti

General Manager of NTF and Executive Director of Aquafil SpA

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Fabrizio Calenti

Born in Turin, Italy in 1957, he has a degree in chemical engineering from the Polytechnic Institute of Milan. He began working for the Aquafil Group in 2003 as head of the NTF business unit after gaining experience in a similar position with the Radici Group. He gained previous experience as the general manager of an Italian-Malaysian joint venture specializing in the production of fibers for natural plastics.

Edi Kraus

General Manager of AquafilSLO d.o.o. and Director of Aquafil S.p.A.

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Edi Kraus

Born in Trieste, Italy in 1956, he has a degree in Economics and Commerce and diplomatic studies fromTrieste University.
He began his career working for his family's travel agency before moving to Zaire (now the Democratic Republic of Congo), where he worked for an Italian-Zairean joint-venture company which manufactured electrical cables.
In 1982, he returned to Italy and his former position within the family business.
Between 1993 and 1994, he was involved in the Aquafil Group's acquisition of Julon d.d.In 1995, he took over the position of chairman at the Slovenian company’s Board of Auditors before joining the Aquafil Group as a shareholder. Since 2000he has served as the general manager of Julon, Aquaset and Bulgari Filati, responsible for all operations in Slovenia and Croatia.