Mangoni to lead Italian infrastructure group Mundys

ROME (Reuters) - Andrea Mangoni, outgoing boss of Italy's doValue, will take charge of Benetton-backed infrastructure group Mundys later this month, the roads and airports operator said on Tuesday.

Mangoni had already announced his departure from bad loan firm doValue and had been expected to take charge of Mundys, the company formerly known as Atlantia. His previous roles include chief executive of utility Acea SpA and a stint at Telecom Italia.

He will assume the new role on April 28.

Mundys was created after the Benetton family's holding company Edizione and U.S. investment fund Blackstone took Atlantia private last year.

The group's revenues rose 16% to 7.4 billion euros last year, while EBITDA was up by 12% to 4.5 billion euros, Mundys said on Tuesday.

Traffic through the company's airports, which include Rome's Fiumicino, more than doubled last year, while motorway traffic was up by 8% on 2021.

(Reporting by Keith Weir, editing by Deepa Babington)