Board of Directors

The Shareholders' Meeting of May 2, 2014 resolved to appoint the Board of Directors for a term of three financial years. The Board's term will therefore expire with the Shareholders' Meeting to be called to approve the financial statements for the year ending December 31, 2016.

Later on, on July 31, 2015 the Shareholders' Meeting established the Board of Directors be constituted by seven members and appointed as Directors Umberto Carlo Maria Nicodano and Chiara Palmieri. On September 10, 2015 the Board of Directors co-opted Filippo Passerini as Director replacing Antonio Campo Dall'Orto, who had resigned from the Board on August 7, 2015. The Shareholders' Meeting of September 23, 2015 confirmed as Director Filippo Passerini, who will stay in office until the expiry of current Board of Directors' mandate, that is the Shareholders' Meeting to be called to approve the financial statements for the year ending December 31, 2016.

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 , who will also stay in office until the expiry of current Board of Directors' mandate, that is the Shareholders' Meeting to be called to approve the financial statements for the year ending December 31, 2016.