Fuel Systems Reorganizes, Expands Management Team

Fuel Systems Solutions, Inc. has expanded and reorganized its executive team with executives assuming regional operating responsibility in order to better capture the company's global growth opportunities. Effective immediately, Matthew Beale, President, Chief Financial Officer and Secretary will become Co-President of Fuel Systems and Head of IMPCO Operations with primary responsibility for North America, and Roberto Olivo, Chief Operational Officer, will become Co-President of Fuel Systems and Head of BRC Operations with primary responsibility for Europe. Messrs. Beale and Olivo will report to Mariano Costamagna, Chief Executive Officer. 

Also effective immediately, Beale will be succeeded as Chief Financial Officer by Pietro Bersani, 43, who joins Fuel Systems from Deloitte & Touche with over 14 years of financial and accounting experience. Beale will be succeeded in his role of secretary by Kevin Buckley, Fuel Systems director of compliance. Olivo's position as Chief Operational Officer will not be filled at this time.