The Shareholders' Meeting of April 27, 2017 resolved to appoint the Board of Directors for a term of three financial years. The Board's term will therefore expire with the Shareholders' Meeting to be called to approve the financial statements for the year ending December 31, 2019.
The Shareholders' Meeting held on April 27, 2017 appointed Maria Bianca Farina as Chairman of the Board of Directors. The Chairman is responsible for directing and overseeing the functioning of the Board of Directors. In addition to the powers provided by law and under the by-laws, and the subsequent Board of Directors resolution on April 28, 2017, the Chairman has the following delegated powers, on a non-exclusive basis:
- supervision of the activities of the Internal Auditing department, acting as a liaison for and reporting to the Board of Directors; and
- supervision of the Company's guidelines on the Internal Auditing department, together with the Chief Executive Officer.
- together with the Chief Executive Officer, maintaining institutional relations with the Parliament, the Government, the Ministries, institutional bodies and the other authorities, in connection with matters outside the scope of ordinary business operations of the Company and the Group.
On April 28, 2017, the Board of Directors appointed Matteo Del Fante as Chief Executive Officer and General Manager, who lead all the first level organizational departments, granting to him all the powers for the administration of the Company, with the exception of some powers which are assigned to the corporate bodies by law, the by-laws and by the same resolution of April 28, 2017.
Maria Bianca FarinaChairwoman
Matteo Del FanteChief Executive Officer and Managing Director
Roberto Rossi Director