SPAC also holds a stake in Pinarello, yet Campagnolo's statement insists the two will operate entirely independently — a fine line for a company whose identity has always rested on doing things its own way, in-house, in Vicenza. The family keeps majority control, but this is already the second crack in the wall: in March, ex-banker Matteo Cassina became the first outsider ever to sit on Campagnolo's board. A spokesperson called it «a very delicate moment, and an important day for Campagnolo as a company, and also for the Campagnolo family» — the kind of line you use when pragmatism has quietly won.