Composition and Requirements

Poste Italiane's By-laws state the Board of Directors is composed of no fewer than five and no more than nine members. The exact number is determined by the ordinary Shareholders' Meeting. Moreover, the By-laws state that non-controlling shareholders can appoint one-fourths (rounding up) of the total number of Directors.

The Shareholders' Meeting held on May 2, 2014 appointed the Board of Directors for a term of three financial years, up to the date of the Shareholders' Meeting to be called to approve the financial statements of the fiscal year 2016, , at that time compose by the following five members: Luisa Todini, Francesco Caio, Antonio Campo Dall'Orto, Elisabetta Fabri, and Roberto Rao.

The same Shareholders' Meeting held on May 2, 2014 appointed  Luisa Todini as  Chairman of the Board of Directors and, on May 7, 2014, the Board of Directors appointed Francesco Caio as Chief Executive Officer and General Manager of the Company.

On July 31, 2015 the Shareholders' Meeting has determined a broader composition of the Board of Directors (i.e. seven members), with Umberto Carlo Maria Nicodano and Chiara Palmieri being appointed as directors. On September 10, 2015 the Board of Directors "co-opted" Filippo Passerini as Director replacing Antonio Campo Dall'Orto, who had resigned as director on August 7, 2015. The Shareholders' Meeting held on September 23, 2015 confirmed as director Filippo Passerini.

Lastly, the Shareholders' Meeting of May 24, 2016 resolved to increase from seven to nine the numbers of Directors, appointing as Directors Giovanni Azzone and Mimi Kung.

All directors will stay in office until the Shareholders' Meeting to be called to approve the financial statements for the year ending December 31, 2016.

Therefore, the Board of Directors is now comprised of the following nine members:

  • Luisa Todini (Chiarman)
  • Francesco Caio (Chief Executive Officer and General Manager)
  • Giovanni Azzone
  • Elisabetta Fabri
  • Mimi Kung
  • Umberto Carlo Maria Nicodano
  • Chiara Palmieri
  • Filippo Passerini
  • Roberto Rao

 

​​​​​Board of Directors

 

 

CRC

RC

NC

RCPC

Chairman

Luisa Todini (1)

 

 

 

 

Chief Executive Officer and General Manager

Francesco Caio

 

 

 

 

Director

Giovanni Azzone (1) (2)

 

 

 X

 X

Director

Elisabetta Fabri (1) (2)

 

X

 

 

Director

Mimi Kung (1) (2)

 

X

 

 X

Director

Umberto Carlo Maria Nicodano (1) (2)

X

 

 

 

Director

Chiara Palmieri (1)

X

 

X

 

Director

Filippo Passerini (1) (2)

X

X

 

 

Director

Roberto Rao (1) (2)

X

 

X

 X

CRC= Control and Risk Committee, RC= Remuneration Committee, NC= Nomination Committee, RCPC= Related and Connected Parties Committee.

(1) Non executive director

(2) Independent Director pursuant to articles 147-ter, paragraph 4 and 148, paragraph 3 of Unified Financial Act, as well as article 3 of Italian Corporate Governance Code.