THE BOARD OF DIRECTORS OF CENTRALE DEL LATTE D’ITALIA APPOINTS GIUSEPPE MASTROLIA VICE-CHAIRMAN AND EDOARDO POZZOLI MANAGING DIRECTOR THE COMPANY.

APPOINTMENT OF CONTROL AND RISK, REMUNERATION, AND TRANSACTIONS WITH RELATED PARTIES COMMITTEES.

GIUSEPPE BODRERO CONFIRMED AS INVESTOR RELATOR.

Turin, 4 May 2020 – The Board of Directors of the Centrale del Latte d’Italia S.p.A. (“CLI”) – a company listed on the Star segment of Borsa Italiana and today the third largest Italian player in the fresh and long-life milk market -, with the approval of the ordinary Shareholders’ Meeting of 29 April, appointed Giuseppe Mastrolia, 31 years old, Vice President, and Edoardo Pozzoli, 38 years old, former General Manager of the Centrale del Latte d’Italia, Managing Director.

The BoD approved the following gross annual emoluments for the Executive Directors, including what has already been approved by the ordinary Shareholders’ Meeting: € 60,000 to the Chairman of the Board of Directors, Angelo Mastrolia, € 30,000 to the Executive Directors, Giuseppe Mastrolia and Edoardo Pozzoli, specifying that the Directors will have access to the incentive plans as prescribed by the Company’s Remuneration Policy Report; an annual gross emolument of € 12,000 to the other members of the BoD, as resolved by the ordinary Shareholders’ Meeting; the conferment to the Chairman, with the power to sub-delegate, all the powers necessary for the formalization of the aforementioned appointments and delegations of powers.

The Chairman of the Board of Directors and the Chairman of the Board of Statutory Auditors have verified the requirements as Independent Directors of Antonella Mansi and Valeria Bruni Giordani (who have declared that they meet the requirements established by art. 3.C.1 and art. 148, paragraph 3, of the TUF).

The Board also established the following committees:

Risk and Control Committee:

  • Antonella Mansi
  • Valeria Bruni Giordani
  • Stefano Cometto

Appointments and Remuneration Committee:

  • Antonella Mansi
  • Valeria Bruni Giordani
  • Benedetta Mastrolia

Transactions with Related Parties Committee:

  • Antonella Mansi
  • Valeria Bruni Giordani
  • Stefano Cometto

The Chairmen will be elected in the first valid meeting of the Committees and so will be the Lead Independent Director.

Investor Relator, Manager Responsible for accounting documents, and Board of Statutory Auditors

Finally, the Board of Directors confirmed:

  • Giuseppe Bodrero as Investor Relator of the company and Manager responsible for preparing the corporate accounting documents.

And named:

  • Massimo Carlomagno, as Chairman, and Ester Sammartino as a member of the Board
    of Statutory Auditors.

With 4 factories and some 415 employees, Centrale del Latte d’Italia Group produces and sells more than 120 products, ranging from milk and milk products to yogurt and drinks of plant origin, distributed in over 16,000 traditional shops and large retail chains in the pertinent areas under the brand names TappoRosso, Mukki, Tigullio and Vicenza.

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This press release is available on the Company’s website at https://centralelatteitalia.com/ and on the authorized storage mechanism eMarketstorage at the following address www.emarketstorage.com.

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FOR FURTHER INFORMATION:

Roberto Stasio
Barabino & Partners
Tel +39 010/2725048
Cell +39 3355332483
Email r.stasio@barabino.it

Alice Brambilla
Barabino & Partners
Phone +39 02 72023535
Cell +39 3282668196
Email a.brambilla@barabino.it

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