Press Release

UMBRAGROUP renews its Board of Directors

continuity, vision and momentum towards the future

Foligno, June 27, 2025 - UMBRAGROUP announces the renewal of its Board of Directors, confirming a solid and forward-looking governance, capable of balancing continuity and change. In a rapidly evolving global context, the Group strengthens its strategic vision, remaining firmly anchored to the Values that, since 1972, have guided its growth.

The new composition of the Board combines stability and innovative energy, opening a new phase in the Group's evolutionary journey and generating sustainable value for all stakeholders. The only change concerns the exit of Eng. Sonia Bonfiglioli and the entry of Prof. Massimiliano Bruni, professor at SDA Bocconi School of Management and IULM University in Milan.

Prof. Bruni brings with him consolidated academic and consulting experience in the fields of strategy and business organization. His contribution is eagerly awaited, in the certainty that he will be able to offer an innovative perspective on target markets and further enhance the company's approach to strategic challenge solving.

"We welcome Prof. Bruni with great enthusiasm," comments Reno Ortolani, Chairman of the Board of Directors, "His authoritative experience represents an important added value for our Group. The continuity of the current Board is a guarantee of solidity and consistency in the strategic vision, in which innovation, operational excellence and spirit of collaboration remain central."

UMBRAGROUP would like to extend a heartfelt thank you to Sonia Bonfiglioli for her commitment and expertise over her years of service. Her vision and dedication have contributed significantly to the Group's success and development. The Board of Directors continues its mandate with a team composed of figures with proven experience and in-depth knowledge of the company, such as Matteo Notarangelo confirmed as CEO and representing the majority shareholders Poliscom S.r.l. and Safin S.r.l., flanked by independent directors capable of bringing complementary visions and strategic expertise.

"Our commitment is aimed at building a future in which innovation and sustainability walk hand in hand." - commented Beatrice Baldaccini, Vice President of the Board and Chief People Officer of UMBRAGROUP - "Thanks to the renewal of the Board and the entry of Prof. Bruni, we are ready to face global challenges with courage and determination, always putting people, our greatest value, at the center."

With the renewal of the Board of Directors, UMBRAGROUP reinforces its commitment to be the Motion Solution Partner of choice for a more sustainable and collaborative industry. In an ever-evolving ecosystem, the Group acts as an extension of its customers, contributing reliable and innovative solutions, and always putting people, a culture of problem solving and the creation of shared value with the entire community at the center.