Biesse S.p.A. announced that Dr. Massimo Potenza has resigned from his position as Chief Executive Officer and General Manager to explore new professional opportunities. His resignation from the position is effective as of June 12.

“My thanks go to Massimo Potenza for his contribution to the company’s transformation journey, which led to the creation of an integrated, multi-material 'One Company' organization. Biesse will continue its development with its usual determination and a pragmatic approach focused on long-term value creation for all stakeholders" commented Roberto Selci, Chairman of the Board.

The Board appointed Selci as the new CEO, granting him the same powers as Dr. Massimo Potenza.

The resignation came as Biesse faced cited continued macroeconomic instability and market uncertainty as key factors behind the earnings drop, noting that these issues have impacted results since 2024. Consolidated results achieved by the Group in the first quarter of 2025 saw net revenues of € 153.3 million, which is a drop of -21.7% compared to 1Q 2024. 

In May, and in view of the Biesse Group's financial results for the year 2024 and the first quarter of 2025, the board of directors has reviewed the c2024-2026 Three Years Plan, announced in February 2024, "together with the serious uncertainties stemming from the geopolitical and macroeconomic context," found that earnings and financial targets contained in the plan were no longer achievable. 

The Biesse Board of Directors decided to withdraw the Three Years Plan 2024-2026, reserving the right to adopt a new business plan in the future, when the market context becomes more stable.