18 April 2024 17:47
Price Sensitive

IGD’s Board of Directors appoints Antonio Rizzi Chairman, Edy Gambetti Vice Chairman and Roberto Zoia Chief Executive Officer and General Manager. New members of the Internal Committees appointed

The new Board of Directors of IGD – Immobiliare Grande Distribuzione SIIQ S.p.A. (“IGD” or the “Company”), appointed during the Annual General Meeting held on 18 April 2024 for the three-year period 2024 – 2026, met today and appointed, based on the proposal of the Nominations and Compensation Committee, Antonio Rizzi Chairman of the Board of Directors, Edy Gambetti Vice Chairman of the Board of Directors and e Roberto Zoia Chief Executive Officer and General Manager.

The Board of Directors granted the Chief Executive Officer powers of Company administration, with the exception of the powers granted to the Board of Directors based on applicable legislation, the corporate bylaws or the scope of its duties.

 

“I am honored and grateful for the trust placed in me. The team that is taking office today, with the complete and active support of the most important shareholders, is charged with realigning the balance sheet and market performance with the Company’s capitalization and ability to generate cash flow. Each step taken in this direction will be studied and assessed, while quickly adopting concrete operating guidelines” the Chairman Antonio Rizzi stated.

 

“I’m proud to have been included in the list submitted by the majority shareholder Coop Alleanza 3.0 and to have been appointed Chief Executive Officer of IGD by the new Board of Directors: in the 18 years that I have been with this company, I have focused on the operational management of the business and I will put my experience at the service of the Company in order to further improve core business, accelerate repayment of the most costly debt positions and create value for stakeholders” the Chief Executive Officer Roberto Zoia commented.

 

IGD’s Board of Directors also verified, based on the information available and the declarations provided by the interested parties, that all the directors meet the requirements for assuming the office assigned and that the directors Antonio Rizzi, Mirella Pellegrini, Simonetta Ciocchi and Daniela Delfrate qualify as independent in accordance with and pursuant to Legislative Decree n. 58/1998 (“TUF”), Consob Regulation 20249 of 28 December 2017, relating to Italian markets, and the Corporate Governance Code adopted by Borsa Italiana S.p.A.

The Board of Statutory Auditors verified that the processes and criteria used by the Board of Directors to verify that the Directors qualify as independent, were applied correctly and confirmed that all the statutory auditors meet all mandatory qualifications, including with respect to independence.

The Directors declared that the number of assignments held is compatible with carrying out the role as Director of IGD effectively, including in light of the guidelines adopted in this regard by the Company’s Board of Directors on 13 March 2010, as subsequently updated most recently on 26 February 2015.

Consistent with the Corporate Governance Code, the Board of Directors also instituted the Nominations and Compensation Committee, the Control and Risk Committee, and the Committee for Related Party Transactions and appointed the committee members.

More in detail (i) Directors Mirella Pellegrini (who will act as Chairman), Simonetta Ciocchi and Daniela Delfrate were appointed to the Nominations and Compensation Committee; (ii) Directors Simonetta Ciocchi (who will act as Chairman), Daniela Delfrate and Mirella Pellegrini were appointed to the Control and Risk Committee; and (iii) Directors Antonio Rizzi (designated Chairman), Simonetta Ciocchi and Daniela Delfrate were appointed to the Committee for Related Party Transactions, who will remain in office through the expiration of the new Board of Directors, namely through the date on which the Company’s financial statements at 31 December 2026 are approved.

Lastly, the Board also instituted a new, non-executive Strategic Committee. This committee – which was also assigned the functions currently carried out by the “Sustainability Committee” – will advise on the definition of possible strategic guidelines for the management of the Company, including with a view to defining a new business plan.

The Committee is overseen by the Chairman of the Board of Directors and comprises the Vice Chairman, the Chief Executive Officer, as well as the Directors Antonello Cestelli and Antonio Cerulli.

Lastly, the Board of Directors, on a proposal of the Control and Risk Committee, confirmed Carlo Barban as the Company’s Financial Reporting Officer in accordance with Art. 154-bis of TUF, through the date on which the financial statements at 31 December 2026 are approved.

The curricula vitae of the new directors and statutory auditors are available on the Company’s corporate website: https://www.gruppoigd.it/en/governance/shareholders-meeting/ .