Governance

Mr. Locatelli earned a diploma in Accounting in 1964 and afterward took on the position of Assistant to the Administrative Director in a leading Italian company that distributed industrial chemical products. He later became the Administrative Director in 1972 and then the General Manager and CEO in 1982. In 1995, he worked in several sectors including maritime transportation, renewable energy, and real estate investments in the hospitality sector. He later took on the roles of Chairman and/or CEO at various companies operating in different product sectors, such as the foundries, Arno Metallurgia and Fonderie Palmieri, the plastics/rubber sector at Giovani Crespi SPA and Dalmatex, the textiles sector at Tessitura dell’Acqua, Tessitura Randi, Tessitura Tessilgrosso, Tintoria Crespi, Tintoria Viola, and the graphics sector, as well as the HVACR sector at Frascold, as Vice Chairman from 2009 to 2010 and as Chairman since 2016.

Giuseppe Galli graduated from the Polytechnic Institute of Milan in 1988 and started his career in Frascold in 1996. Back then, Giuseppe worked on strategic tasks to develop Frascold’s non-European markets. Over the years, he would be responsible for leading the company to achieve important goals in the Far East and South America. In 1999, he was asked to manage manufacturing at the Rescaldina facility in Milan, Italy, where he increased automation with the introduction of robots and automated systems. Giuseppe’s actions allowed Frascold to increase its manufacturing capacity and diversify its offerings of innovative solutions. Since 2003, he has been a member of the Frascold Board of Directors, coordinating the company’s functions, and, since 2009, has also served as our CEO. Since 2016, Giuseppe has also served as Vice Chairman of Association of European Refrigeration Component Manufacturers (ASERCOM).

Lamberto earned a diploma in accounting and worked his first job in an artisan company, after which he began “on the job” training in administration, finance, and control at an Italian manufacturing company in the oil and gas sector for major international markets. He continued his career as the Administrative Director in a leading family business manufacturing knitting machines and operating internationally. Following obtaining his Master’s Degree in Management Control, he joined Frascold in 1998, where he took on a primary role in the company’s most significant expansion period to date. In 2011, he worked on the acquisition of Fonderie Palmieri Spa and was appointed to its Board. In 2012, he was active in the joint venture that led to Frascold India being established and where he took the role of Director. Thanks to the experience acquired, he helped set up Frascold USA in 2014 and was appointed as the Treasurer of the Board. In 2015, the business partner, Innocente Fraschini, invited him to join the Board of Frascold Spa as the Group’s CFO. With so many successes achieved and in driving the company’s internationalization efforts, Lamberto was appointed as the Legal Representative of Frascold Refrigeration Shanghai in 2017 and of Frascold Refrigeration Equipment Taizhou in 2020.

Following training and on-the-job experience in the heating design and installation sector, Franco Bonfiglio began his Frascold career in 1980. He took a position in the technical-sales area, initially working on the development of the corporate market and on the brand’s internationalization strategy. In 1993, he joined the Frascold Board of Directors, holding positions of increasing importance in corporate governance. With so many great achievements under his belt, he was invited to take on the role of Vice Chairman in 2017 and tasked with creating a roadmap to guide the company’s continuing success.

Franco is also the acting CEO of a Frascold subsidiary that operates in specialized iron casting for compressors.

A graduate in Mechanical Engineering from the University of Padua in 2008, Livio started his career as a mechanical designer before becoming an application engineer at Refcomp, an Italian company manufacturing compressors for air conditioning and refrigeration systems. While there, Livio focused specifically on Northern Europe and North Atlantic markets, supporting clients in implementing new technologies. His career then saw him posted to China in 2013 to help develop the domestic compressor market in the HVACR sector. His role was multifaceted and involved transferring European technological know-how to Chinese clients and fulfilling local market product development requests. Returning to Italy in 2016, he was accepted into an Executive MBA program at the prestigious Bocconi School of Management and graduated in 2019, specializing in business development. He joined Frascold in 2017 with such an impressive background and level of expertise that he was tasked with developing our entire natural refrigerants market. In 2018, Livio was appointed as the Group’s Sales Director, with the objective of developing the emerging markets and new technologies business. In 2019, he joined the Board of Directors at Frascold and was responsible for coordinating the sales branches in India, the USA, and China, in order to continue and implement our growing internationalization process and strengthen the overall natural refrigerants market.