20 April 2021 16:22

IGD’s Board of Directors appoints Rossella Saoncella Chairman, Stefano Dall’Ara Vice Chairman, and confirms Claudio Albertini as Chief Executive Officer

Members of the Board Committees and the Supervisory Board appointed

Today a meeting of the Board of Directors of IGD – Immobiliare Grande Distribuzione SIIQ S.p.A. (“IGD” or the “Company”), a major player in Italy’s retail property market and listed on the STAR segment of the Italian Stock Exchange, was held.

IGD’s new Board of Directors, appointed for the three-year period 2021 – 2023 during the Shareholders’ Meeting held in ordinary session, called upon Rossella Saoncella to act as Chairman of the Board of Directors and confirmed Claudio Albertini as Chief Executive Officer.  The Director Stefano Dall’Ara was appointed Vice Chairman of the Board of Directors. The Board of Directors granted to the Chief Executive Officer powers similar to the ones conferred in the prior mandate, as well as the functions within the internal control and risk management system.

The Board of Directors also confirmed, based on available information and the declarations made by the interested parties, that the independent directors Rossella Saoncella, Antonio Rizzi, Silvia Benzi, Rossella Schiavini, Timothy Guy Michele Santini, Rosa Cipriotti and Géry Robert-Ambroix still qualify as independent as defined in the applicable provisions of Legislative Decree 58/98 (TUF), Consob’s Market Regulation and the Corporate Governance Code. With regard specifically, to the Independent Director Timothy Guy Michele Santini, the Board of Directors evaluated the relevance of the mandate granted to him in 2018, which lapsed in 2020, and confirmed that Director Santini still qualifies as independent in light of the substantive considerations made by the Board of Directors in prior meetings.

The Board of Statutory Auditors first verified that the criterion and procedures used by the Board of Directors to assess the independence of its members had been applied correctly.

The Board of Statutory Auditors also verified whether or not its own members qualify as independent and confirmed the positive outcome of these verifications.

The Board of Directors also appointed the Nominations and Compensation Committee, the Control and Risk Committee and the Committee for Related Party Transactions. More in detail: (i) the Directors Timothy Guy Michele Santini (Chairman), Silvia Benzi and Rossella Schiavini were appointed members of the Nominations and Compensation Committee; (ii) the Directors Rossella Schiavini (Chairman), Rosa Cipriotti and Antonio Rizzi were appointed to the Control and Risk Committee; (iii) the Directors Antonio Rizzi, Silvia Benzi and Géry Robert-Ambroix were appointed to the Committee for Related Party Transactions.

In accordance with the Organizational Model adopted by the Company pursuant to Legislative Decree 231 of 8 June 2001, the Board of Directors, after consulting with the Risk and Control Committee and the Board of Statutory Auditors, also appointed the new Supervisory Board comprised of Gilberto Coffari (Chairman), Alessandra De Martino and Paolo Maestri, all members from outside the Company.  This Supervisory Board which will remain in office through the end of the current Board of Director’s mandate.

The curricula of the new directors and statutory auditors are available on the corporate website at  www.gruppoigd.it.