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SIT, the organization evolves with the addition of the “Ventilation” business. Group business units become three

April 4th, 2023

Padua, April 4, 2023 – SIT S.p.A. (ticker SIT:IM), a multinational listed on the Euronext Milan segment that creates intelligent solutions for climate control and consumption measurement, evolves in its organizational structure in the light of trends and development opportunities in the markets in which the group operates.

With the aim of directing management to target markets more effectively, focusing on the ability to anticipate new customer needs, with particular attention to technological innovation and energy transition, the structure of the group is now composed by three Business Units:
● Heating & Ventilation

● Smart Gas Metering ● Water metering

Ventilation therefore comes alongside the historical core business “Heating”. The objective of the Business Unit “Heating & Ventilation” is to develop and provide solutions for the constant improvement of the efficiency in appliances using gas, hybrid solutions, biomethane and hydrogen heating appliances, as well as solutions for ventilation and air quality in indoor spaces, integrated in the ecosystem, which ensure the control and monitoring of the comfort of the domestic environments, maximizing energy efficiency.

SIT has appointed Walter Albè as Head of the Business Unit “Heating & Ventilation”. Mr Albè is therefore responsible for coordinating sales, supply chain, industrial technologies, quality and operations functions of the group’s plants.

After graduating in Aeronautical Engineering from the Politecnico di Milano, Mr. Albè developed his professional career at Whirlpool (Operations), taking on increasing responsibility and becoming Vice President of the Dishwashing platform and Head of Operations and Technologies of the Food Preparations platform. In 2010 he joined Ariston Thermo Group with increasing responsibilities, becoming Head of for the Business Unit “Heating” as well asChief Supply Chain & Operations Officer. In 2021 he joined Franke Group as Vice President R&D and Category Management.

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