6 June 2018 12:12
Price Sensitive corporate governance

IGD’s Board of Directors confirms Elio Gasperoni as Chairman and Claudio Albertini as Chief Executive Officer

Appointed new members of the board committees and the Supervisory Board.

The Board of Directors  of IGD – Immobiliare Grande Distribuzione SIIQ S.p.A., (“IGD” or the “Company”), leading owner and manager of retail shopping centers in Italy and listed on the STAR segment of the Italian Stock Exchange, met today.

The new Board of Directors, appointed for the period  2018 – 2020, confirmed Elio Gasperoni and Claudio Albertini as Chairman of the Board of Directors  and Chief Executive Officer, respectively. Furthermore, Rossella Saoncella has been appointed as Vice Chairman of the Board of Directors. The Board confirmed the pre-existing powers, recognizing powers corresponding to those granted during the prior mandate to the Chairman Elio Gasperoni and the Chief Executive Officer Claudio Albertini.

The Board of Directors also confirmed that the independent directors Sergio Lugaresi, Luca Dondi Dall’Orologio, Rossella Saoncella, Eisabetta Gualandri, Livia Salvini, Eric Jean Veron, Timothy Santini  qualify as such, pursuant to Legislative Decree 58/98, Consob’s Market Regulations and the Corporate Governance Code, on the basis of the information available and of the declarations made by the same directors. In assessing the independence requirements pursuant to the Corporate Governance Code, the Board of Directors adopted the assessment criteria set out by the Code itself. The Board of Statutory Auditors verified the correct application of the criteria adopted by the Board of Directors. The Board of Statutory Auditors also confirmed the  independence of its members after assessing the compliance with the independence requirements.

The Board of Directors also appointed the Nominations and Remuneration Committee, the Control and Risk Committee, the Committee for Related Party Transactions and the Chairman’s Committee. More in detail, (i) directors Rossella Saoncella (also appointed Chairman), Livia Salvini and Timothy Santini were appointed members of the Nominations and Remuneration Committee; (ii) directors Elisabetta Gualandri (also appointed Chairman), Luca Dondi Dall’Orologio and Sergio Lugaresi were appointed members of the Control and Risk Committee; (iii) Luca Dondi Dall’Orologio, Livia Salvini and Jean Veron  were appointed members of the Committee for Related Party Transactions.

The Chairman Elio Gasperoni has been confirmed as director in charge of the internal control and risk management system.

The Board of Directors also appointed, as provided by the Organizational Model adopted by the Company in accordance with the Decree 231/2011, a new Supervisory Board which will remain in office for the entire term of the current Board of Directors. Gilberto Coffari (also appointed Chairman), Alessandra de Martino and Paolo Maestri were appointed members of this board.

The curriculum vitae of the new directors are available at the address www.gruppoigd.it.