Board of directors
The Board of Directors is appointed by the Shareholders’ Meeting and is responsible for the Company management. This includes the functions and responsibilities of the Company and Group’s strategic and organizational guidelines, as well as the verification of the existence of the controls required to monitor the performance of the Company and its subsidiaries.The Board of Directors is currently composed of the following members, whose mandate will expire when approving the financial statements year 2024:
- PACOTTO GIUSEPPE - Chairman and CEO
- CRIVELLO MASSIMO FRANCESCO - Board Member
- BECCHISELIO - Board Member
- PEREGO ALESSANDRO GIUSEPPE - Board Member
- CRAHAY MICHEAL JEAN LOUIS - Board Member
- BRIZIO MARCELLA - Board Member
The members meet regularly and carry out their duties with diligence and autonomy, pursuing the objective of creating value for shareholders, being aware of the social relevance of the assets in which the Company is engaged and the consequent need to consider properly all the involved interests. The members’ participation to the Board of Directors meetings and to internal committees during the year are governed by annual approved calendars. Remuneration of the members is established by the Shareholders’ Meeting for each member (Article 33 – Social Statute). The total economic treatment of the Chairman and the Chief Executive Officer is identified by the Board of Directors and and by the Board of Internal Statutory Auditors. Total remuneration received by the Chairman and by the Board of Directors during the year are shown in the note to the Financial Statements.
Board of internal staturory auditors
The Board of Internal Statutory Auditors is required to supervise the observance of the law and of the Social Statute as well as the respect of the principles of sound administration during social activities, the adequacy of the organizational structure, the internal control system and the administrative and accounting system of the Company. The Board of Internal Statutory Auditors has furthermore to carry out all the tasks assigned it by the law.
As decided by the Ordinary Shareholders’ Meeting, the Board of Internal Statutory Auditors consists of three standing auditors and three substitute auditors, whose mandate will expire when approving the financial statements year 2024.
Board of Internal Statutory Auditors members:
- GIRAUDO PAOLO - Chairman
- TIBALDI DANILO - Internal Statutory Auditor
- TRANCHERO FABIOLA - Internal Statutory Auditor
- TIBALDI BRUNO - Alternate Internal Statutory Auditor
- ROSSANO LUCA - Alternate Internal Statutory Auditor
Auditing firm
The statutory audit of annual accounts is entrusted to a specialized external auditing firm, regularly registered in the register of independent statutory auditors, appointed by the Shareholders’ Meeting under proposal of the Board of Internal Statutory Auditors.
The assignment for the audit of the Financial Statements and the Consolidated Financial Statements for the years 2023/2024/2025, up until the approval of the Financial Statements as of 12/31/2025, has been entrusted, pursuant to Article 13 of Legislative Decree 39/2010 and upon the proposal of the Board of Statutory Auditors, to the auditing firm BDO ITALIA SpA.
While developing the proposal for assignment, the Board of Internal Statutory Auditors preventively verified the independence requirements of the entrusted company with reference to Tesisquare S.p.A.
This company, confirmed its independence to the Board of Internal Statutory Auditors, in compliance to the art. 17, indent 9, Legislative Decree 27 January 2010 no. 39.
The Review Manager for BDO ITALIA SpA is Massimo Siccardi.
Shareholders’ meeting
The Shareholders’ Meeting is the collective body that expresses the Shareholders’ will.
With the powers defined by law and by the Social Statute, the Shareholders’ Meeting resolves on the appointment and removal of the Board of Directors and the Board of Internal Statutory Auditors members and on the related remuneration and accountability, on the approval of the Financial Statements and the allocation of profits, on the purchase and sale of shares, on the amendments to the Social Statute, on the issue of convertible bonds.
