New president at Piaggio America

 - August 5, 2008, 10:51 AM

Veteran de Havilland Canada and Bombardier executive Tom Appleton takes over as president and CEO of Greenville, S.C.-based Piaggio America as of September 1, replacing Steve Hanvey, who has chosen to pursue other career interests. Hanvey was the founding president and CEO of Piaggio America three years ago. Jim Holcombe, who has served as Piaggio America’s executive v-p for sales and marketing for the past year or so, has been promoted to executive v-p and COO. Appleton told AIN on August 22 that he sees great prospects for the Avanti turboprop, which he describes as a “slam-dunk product” in an economy that has bottomed out. Holcombe noted that since the NBAA Convention last year Piaggio America has sold 20 Avantis, building a backlog of about one year’s production.