(Alliance News) - Mondadori Spa announced Thursday that, starting this month, Stefano Peccatori will assume the position of President & CEO of U.S. publisher Rizzoli International Publications, among the market leaders in the illustrated book segment, and of Rizzoli Bookstores, which is headed by one of New York's most prestigious bookstores.

Peccatori, who has been with the Mondadori Group for 30 years, in his new position-which is in addition to his role as general manager of Piemme, Sperling & Kupfer and Mondadori Electa reporting to Mondadori Libri CEO Enrico Selva Coddè-will have responsibility for the editorial, commercial, financial and administrative structures of the two Mondadori Group companies active in the United States with the Rizzoli, Rizzoli New York, Rizzoli Electa, Universe brands and the Rizzoli Bookstore bookstore.

At the same time, Marco Ausenda, who has led Rizzoli International Publications and Rizzoli Bookstores since 2002, becomes its Chairman of the Board of Directors.

As of December 31, 2021, the consolidated revenues of the two companies exceeded USD55 million, with a very positive performance in the difficult environment of the U.S. market.

Mondadori trades in the red by 0.9 percent at EUR2.85 per share.

By Chiara Bruschi, Alliance News reporter

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