In 2019 the Group achieved € 337.8 million revenue.

In 2019 the Group achieved € 337.8 million revenue.


Board of Directors

The company has a one-tier board structure with a Board of Directors which includes the following members: Fabio Cannavale, Andrea Bertoli, Laurent Foata, Roberto Italia, Paola Garzoni, Massimo Pedrazzini and Javier Pérez-Tenesa.

Fabio Cannavale - Executive Director and lm holding CEO

Fabio Cannavale holds a Diploma in Engineering from Politecnico di Milano as well as an MBA from INSEAD, Fontainebleau, France. He co-founded Volagratis with Marco Corradino in 2004 and became Chairman of Bravofly Rumbo Group and now lm Group CEO. He started his career as a Consultant, working between 1989 and 1996 for A. T. Kearney and McKinsey & Company. Between 1996 and 1998, he launched The Floating Village in Venezuela, an innovative concept of a holiday village built on boats. From 1999 to 2001 he was a part of the management team of eDreams, an online travel start-up, and from 2001 to 2004 worked for his family-owned businesses and collaborated with a not-for-profit entity. He is also a member of the Board of Directors of Cavotec SA.

Andrea Bertoli - Executive Director, lm holding COO and lm group CEO

Andrea Bertoli graduated in Business Administration from Bocconi University in Milan and holds a Master CEMS from ESADE Business School in Barcelona. He spent seven years at McKinsey & Company as Senior Consultant in Italy and Scandinavia. In 1999 he left the Firm to start up eDreams in Italy and was appointed Vice President Strategic Development and Board Member of eDreams Inc. Between 2001 and 2011 he held CEO and President positions in some of the Dolomites’ largest ski lift operation companies. He joined Bravofly Rumbo Group, now lastminute.com group, in 2012 as Head of New Business Development. Since 2014 his focus has been growing (organically and via acquisitions) the Travel & Leisure business from 10% to more than 50% of total OTA margin contribution. In March 2019 was promoted Chief Operating Officer and one year later Managing Director OTA. He is now its Deputy CEO since February 2021.

Laurent Foata - Non-Executive Chairman

Chairman of Selection and Remuneration Committee

Laurent Foata is heading Ardian’s Growth team, in charge of private equity investments in fast growing European companies. He has worked on more than 80 private equity transactions and has over 20 years of experience in the industry. His track record spans various domains of information technologies, from software and IT services to digital marketing and web merchants. Laurent began his career in 1995 within BNP Paribas’ private equity arm. He holds a MBA and a Masters in Law.

Roberto Italia - Non-Executive Director

Chairman of Audit Committee
Member of Risk Supervisory Committee
Member of Selection and Remuneration Committee

Roberto Italia graduated in Economics from LUISS University Rome, and holds an MBA from INSEAD, Fontainebleau, France. He has been a member of Bravofly Rumbo Group, now lastminute.com group, since 2013. Between 1990 and 1994, he has worked at Telecom Italia Group, from 1994 to 2002 held the function of Associate to Partner with Warburg Pincus and between 2003 and 2004 acted as Partner for Henderson Private Capital. Between 2005 and 2013, he has been a Partner at Cinven and since 2013 acts as Senior Advisor to Cinven, also chairing Cinven’s Advisory Unit in Italy. Currently, he is Chairman of Space Holding SrL, Chief Executive Officer of Space SpA, and a Board Member of Avio SpA, Redbrick Capital Partners Srl, Red Black Capital SA, Cinven Luxco 1 SA, Cinven Luxco 2 SA and FCP Manco Sarl.and websites. He has over a decade of experience as an entrepreneur in the internet world.

Paola Garzoni - Non-Executive Director

Member of Selection and Remuneration Committee
Member of Risk Supervisory Committee

Paola Garzoni holds a BA in Architecture from ETH Zürich (Swiss Institute of Technology), then moved to New York to pursue a Master in Real Estate Development from Columbia University. In 1991, she founded and still runs LaSeven Inc., a real estate service company in New York City, which focuses on management, turn rounds of distressed assets, asset optimizations and acquisitions, which expanded into a large ultra-high network of international clients. In 1998, Paola co-funded Premier Relocation Solution, an innovative provider of short-term fully furnished apartments in New York and New Jersey, and successfully sold her company in 2010 to Weichert, a US nationwide provider and consolidator. In 1999, Paola also co-founded Book-a-Home in NY, a precursor of online service for short-term rentals of private homes. In 2010, she returned back to Switzerland, to focus on her family’s real estate businesses active in Switzerland, USA and UK. In 2011, Paola joined YPO, a worldwide leading organization to build better leaders, and in 2015 became Chair of the Italian chapter. In 2020 she cofounded Fondazione Angeli di L.U.C.A., a non for profit organization.

Massimo Pedrazzini- Non-Executive Director

Chairman of Risk Supervisory Committee
Member of Audit Committee

Massimo Pedrazzini holds a Degree in Law from the Geneva University (1985). Among others, Massimo is currently Chairman of the Board of Directors of Sterling Strategic Value Fund SICAV-RAIF SA, Luxembourg and of Fidinam Group Holding SA, Lugano (Switzerland). In the past he has been Chairman of the Supervisory Board of Washtec AG, listed in Frankfurt (Germany), and Member of the Supervisory Boards of Teleplan International N.V. and of Brainpower N.V., both listed in Amsterdam (the Netherlands). Massimo's law firm is based in Lugano (Switzerland). He has been practicing law since 1985 with focus on contract, corporate, international tax and financial law. He is specialized in cross border M&A transactions and joint-ventures in Europe, Asia and America.

Javier Pérez-Tenesa- Non-Executive Director

Javier Pérez-Tenessa is founder and former Chairman and CEO of eDreams ODIGEO (EDR). He is a Founding partner at 4Founders Capital. Pérez-Tenessa started his career designing satellites in France and the United States. He moved to Silicon Valley in 1995 and joined Netscape, the company which created the first internet browser in 1996. He founded eDreams in 1999 and led it growth to €4,5 billion in sales and €117 Million EBITDA. During his tenure as CEO, he led the company through 5 Private Equity Transactions, several Private and Public Debt issuances, 3 Acquisitions and an IPO. In 2017 he co-founded 4Founders Capital. Mr. Perez-Tenessa earned a master´s degree in Aerospace Engineering from the Polytechnic University of Madrid and an MBA from Stanford University. He is married with 3 children, loves outdoors sports, travelling and anything related to music. He is a producer of Musical Theatre Shows, a composer and an active investor.

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