New York CNN —Roberto Colaninno, the CEO and chairman of vehicle manufacturer Piaggio, died on Friday. Colaninno’s investment firm, Immsi SpA, announced his death Saturday morning in a news release but did not provide additional details. Colaninno began his business career as the CEO of Italian auto parts maker Fiaam before establishing his own components manufacturer, Sogefi, in the early 1980s. Colaninno was forced to leave Telecom Italia in 2001, and his investors sold the company. But over the next few years, he acquired investment company Immsi SpA and Piaggo, which manufactures Vespa scooters.

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Persons: New York CNN — Roberto Colaninno, Colaninno, Italy’s, Leonardo Organizations: New, New York CNN, Piaggio, Immsi SpA, Olivetti, Telecom Italia Locations: New York, Western, Piaggo, Vietnam, India