Governance

Having gained a diploma in Accounting in 1964, he took on the position of assistant to the Administrative Director in a leading Italian company in the distribution of industrial chemical products, later becoming, in 1972, the Administrative Director and, subsequently, the General Manager and CEO in 1982. In 1995, he worked freelance in such sectors as 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 (of which he is currently the Chairman and CEO), 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 and CEO since 2016.

Giuseppe Galli, graduating from the Politecnico di Milano in 1988, started work in the technical offices of a leading Italian company in the division dedicated to the design and construction of electrical cables and fiber optic cables for special applications. In 1990, he moved to the world of compressors, with a role in a division of a multinational that dealt with components for industrial reciprocating compressors, managing projects for leading national and international groups. In 1996, he joined Frascold, with which he had been working as a supplier for some years, and took on positions of responsibility to develop extra-European markets: thanks, in part, to his work in those years, the company started to see significant results in the Far East and South America. As a result of the successes achieved, in 1999, he was asked to manage manufacturing at the Rescaldina facility, in the province of Milan, Italy, where he pushed automation with the introduction of robots and automated systems. This strategic action allowed Frascold to increase its manufacturing capacity and to diversify its offer, in order to cope with a strong growth in demand. Since 2003, he has been a member of the Frascold Board of Directors, with the task of coordinating the company’s functions, and, since 2009, has been its CEO. Lastly, since 2016, he has also been the Vice Chairman of Asercom (Association of European refrigeration components manufacturers).

After obtaining a diploma in Accounting, following his first job in an artisan company, he began “on the job” training in administration, finance, and control at an Italian manufacturing company in the oil & gas sector operating mainly in major international markets. He continued his career as the Administrative Director in a leading family business manufacturing knitting machines and operating internationally. Following a Master’s in management control, he joined Frascold in 1998, where he took on a primary role in the company’s most significant expansion period: 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, a year in which he 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. More recently, by virtue of the successes achieved and the expertise shown in driving the company’s internationalisation efforts, he was appointed as the Legal Representative of Frascold Refrigeration Shanghai in 2017 and of Frascold Refrigeration Equipment Taizhou in 2020.

Following training in the heating design and installation sector, and after gaining significant experience, 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 internationalisation strategy. In 1993, he joined the Frascold Board of Directors, holding positions of increasing importance in corporate governance. By virtue of the positive results obtained, he was invited to take on the role of Vice Chairman in 2017, with the task of contributing to the roadmap to guide the company’s continuing success.

He also holds the CEO position of a Frascold subsidiary that operates in specialised iron casting for compressors.

A graduate in Mechanical Engineering from the University of Padua in 2008, he 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, where he focused specifically on Nordic markets, supporting customers in the use of new technologies. His career then saw him posted permanently to China in 2013 to develop the domestic compressor market in the HVACR sector. His role was twofold and involved transferring European technological know-how to Chinese customers and actioning local market product development requests. Returning to Italy in 2016, he took an Executive MBA course at the Bocconi School of Management and graduated in 2019, specialising in business development. He joined Frascold in 2017 and, by virtue of his background and expertise, he was tasked with developing the natural refrigerants market and, in 2018, 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 the customer internationalisation process and to strengthen the natural refrigerants market.