CAREL USA LLC - Experts & Thought Leaders

Starting from early November 2024, Marino Tanas has joined CAREL as the new Regional CEO – Western Europe. This appointment highlights the Group's commitment to enhancing customer service and promptly addressing the needs of an ever-evolving European market. New responsibilities Tanas, with extensive experience in leadership and management roles within the industry, will oversee CAREL’s operations in its subsidiaries located in Italy, Spain, France, the United Kingdom, Germany, and the Nordic countries. He will report directly to the Managing Directors of these organizations, ensuring a unified yet flexible approach capable of delivering tailored and timely solutions to meet diverse customer needs. new organizational structure The goal is to provide efficient solutions and support by harmonizing regional strategies The new organizational structure, already implemented in other key regions, such as APAC, EMEA, and the Americas, enables CAREL to consolidate its role as a reliable partner, improving its proximity to and understanding of its customers. The goal is to provide efficient solutions and support by harmonizing regional strategies and capitalizing on local specificities. commercial and service expertise Francesco Nalini, CEO of the CAREL Group, commented, "The arrival of Marino Tanas marks an important step in our growth journey." Francesco Nalini adds, "His commercial and service expertise will be key to better meeting the needs of our customers in Western Europe, while his strategic vision will enable us to continue driving our development in the region."

CAREL is proud to announce the presentation of its near-term emissions reduction targets to SBTi, confirming its commitment to the fight against climate change and achieving its environmental sustainability objectives. The Science Based Targets initiative is a corporate climate action organization that enables companies and financial institutions worldwide to play their part in combating the climate crisis. Greenhouse gas emissions The SBTi is included as a charity, with aid that will host its target validation services It develops standards, tools and guidance which allow companies to set greenhouse gas emissions reductions targets in line with what is needed to keep global heating below catastrophic levels and reach net-zero by 2050 at latest.  The SBTi is incorporated as a charity, with a subsidiary that will host its target validation services. Its partners are CDP, the United Nations Global Compact, the We Mean Business Coalition, the World Resources Institute, and the World Wide Fund for Nature.  Objectives of the Plan to 2033 CAREL’s proposed 10-year plan aims to significantly reduce greenhouse gas emissions in its processes and across the company’s value chain, in line with global efforts to keep temperatures from rising, as set out in the Paris Agreement. Main objectives of the Plan to 2033 Reduction in Scope 1 and Scope 2 emissions: 54.6% (reference year 2023) Reduction in Scope 3 emissions: 32.5% (reference year 2023) Decarbonization plan  CAREL has defined a decarbonization plan that comprises various levers, including the use of sources In order to achieve these commitments, CAREL has defined a decarbonization plan that comprises various levers, including the use of energy from renewable sources, through self-production and the purchase of green electricity; significant investments to replace non-renewable sources (natural gas) through electrification of its plants and machinery; engaging the supply chain in energy saving and lower emissions. The timing of the possible approval of the plan is dependent on the SBTi schedule. CAREL’s ambitious sustainability program Francesco Nalini, CAREL Group CEO, and Carlotta Rossi Luciani, member of the Board of Directors with responsibility for ESG, jointly commented: “The presentation of our Emissions Reduction Plan to SBTi is a further step forward in CAREL’s ambitious sustainability program, which includes investments in innovation, lowering environmental impact and promoting circular business models." "We firmly believe that the private sector needs to play a central role in the fight against climate change, and our own commitment is driven by the will to make an active contribution to safeguarding the planet for future generations.”

On 1 October 2024, Paolo Faraldi joined CAREL as the new 'Group Chief Technology Officer'. This strategic appointment reflects the Group’s commitment to strengthening the scope and development of its technical areas, with the aim of increasing the integration and coordination of its technological processes. Paolo Faraldi brings to the Group more than 20 years’ experience acquired at major international companies, such as Fiat, Indesit, Philips, and Electrolux, both in Italy and abroad. Key part of CAREL’s strategy In this new role, Paolo Faraldi will be responsible for overseeing and coordinating CAREL’s technical and digital projects, with the aim of fostering synergy and innovation across all areas of development. This appointment is a key part of CAREL’s strategy, which has always been centered around research, innovation and technology: constant analysis and adoption of new technologies are in fact part of the Group’s consolidated research and development process. Giandomenico Lombello, CAREL Group Managing Director, commented: "We are thrilled to welcome Paolo Faraldi. His experience and vision will be fundamental in guiding CAREL in facing new technological challenges and maintaining our leadership on the market."