Brembo, founded in 1961, grew under Alberto Bombassei — son of founder Emilio — into the world's leading maker of high-performance brake systems for cars and motorcycles. In November 2021, at 80, Bombassei announced he was resigning his operating powers and the chairmanship.

The board named Matteo Tiraboschi, his son-in-law and executive deputy chairman for twenty years, as the preferred candidate for executive chairman, and kept Daniele Schillaci as CEO. Bombassei said the step was taken "with peace of mind," confident that the new leadership could handle the radical transformation of the mobility sector.

The plan also created the role of chairman emeritus so Bombassei's experience stayed available, and set up a Strategic Steering Committee to advise on growth. Shareholders approved the new structure on December 17, 2021, with the family holding Nuova Fourb retaining control of 53.5% of the share capital.

A new structure — family member as executive chairman, outside CEO, strategic steering committee — while the family holding kept 53.5% of the global brake leader.

Twenty years of joint leadership prepared Tiraboschi for the top job.

Keeping Schillaci as CEO preserved operational continuity.

The steering committee kept the founder's judgment in the room without his operating power.

A founder can pass power to family and professionals at once by separating chairman and CEO roles and creating a steering committee.

Bombassei became chairman emeritus and left the board, while the new governance guided Brembo's push into electric-vehicle braking and its 2022-2025 growth plan. The family kept control while professional managers ran the company day to day.

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The sources

  1. Matteo Tiraboschi to succeed Bombassei as Brembo chairman tyrepress.com
  2. The General Shareholders' Meeting of Brembo approved the new corporate governance structure hk.marketscreener.com