Daniele Schillaci has been appointed the new CEO of Brembo, a move set to take effect July 1.

Schillaci’s automotive market experience spans 25 years, most recently serving as executive vice president and executive committee member of Nissan Motor Corp., and as senior vice president of sales & marketing for Toyota Europe prior to that. He also once served as Alfa Romeo brand manager at Fiat Auto. Schillaci is also known for leading Nissan’s Zero Emission Vehicles project.

“Daniele Schillaci is a top-level executive with a solid global experience and a deep understanding of the automotive markets combined with a specific and wide knowledge in terms of autonomous driving, electrification and connectivity,” said Matteo Tiraboschi. “Daniele brings to the company the added value of a strong strategic vision and of a leadership acquired in a truly global context, which are both crucial elements for leading Brembo’s development in the following years.”

Current CEO Andrea Abbati Marescotti is leaving the Curno, Italy-based company on June 30. He is vacating his position on the Brembo Board of Directors to pursue new professional projects and activities. Current directors “expressed the highest appreciation for the work he carried out since joining the company and wished him the very best for his future endeavors,” during a recent meeting, according to a news release. The board is led by Chairman Alberto Bombassei.

“I have learned with regret of Andrea’s decision to leave the company after the close cooperation we had for the last eight years, even though I have well understood the personal reasons that have led him to such life choice,” Tiraboschi said. “In these years Andrea has contributed to lead the Company by ensuring the constant growth of our turnover across all markets, the expansion of our industrial footprint and the achievement of all our business objectives. I thus wish to thank him and at the same time convey all my very best wishes for a great success in his future activities.”