17 April 2015 17:37

IGD’s Board of Directors confirms Gilberto Coffari 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  2015 – 2017, confirmed Gilberto Coffari and Claudio Albertini as Chairman of the Board of Directors  and Chief Executive Officer, respectively. Furthermore, Fernando Pellegrini 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 Gilberto Coffari and the Chief Executive Officer Claudio Albertini.

The Board of Directors also confirmed that the independent directors Elisabetta Gualandri, Milva Carletti, Rossella Saoncella, Andrea Parenti, Livia Salvini, John William Vojticek and Matthew D. Lentz  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 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 Andrea Parenti (also appointed Chairman), Milva Carletti and Elisabetta Gualandri were appointed members of the Nominations and Remuneration Committee; (ii) directors Elisabetta Gualandri (also appointed Chairman), Livia Salvini and Rossella Saoncella were appointed members of the Control and Risk Committee; (iii) Rossella Saoncella, Andrea Parenti and Matthew D. Lentz  were appointed members of the Committee for Related Party Transactions; and (iv) Gilberto Coffari (also appointed Chairman), Fernando Pellegrini, Claudio Albertini and Elio Gasperoni were appointed members of the Chairman’s Committee.

The Chairman Gilberto Coffari 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. Fabio Carpanelli (also appointed Chairman) Riccardo Sabadini and Alessandra de Martino were appointed members of this board.

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