EW has spoken to Fiera Milano’s CEO Corrado Peraboni after the organisation announced that its Board of Directors have resigned.
Chairman Roberto Rettani, the directors Joyce Victoria Bigio, Renato Borghi, Pier Andrea Chevallard, Attilio Fontana, Licia Ronzulli and Vincenza Patrizia Rutigliano (Romeo Robiglio being absent with good cause) submitted their resignations from their respective offices.
The Board of Directors also decided that Peraboni should proceed to relinquish his powers.
Peraboni, following his report on the facts, left the meeting in order to allow the Board of Directors to make the decision.
Having then acknowledged the resignation of the Directors, Peraboni relinquished his powers.
Shareholders will now vote on a new board but there’s no confirmation as to timelines, EW understands.
Peraboni told EW: “This is a precautionary measure related to a historical case. There are no accusations of any wrongdoing by any board members, but Italian regulations made the decision necessary.”
Fiera Milano’s statement read: “Recognising that the 2016 financial year has just ended and that it is the specific duty of the Directors to comply with its obligations to prepare the company and consolidated financial reports for the period and to present the financial statements for approval at the meeting of shareholders that must be convened in accordance with the law; the Chairman Roberto Rettani, the Directors Joyce Victoria Bigio, Renato Borghi, Pier Andrea Chevallard, Attilio Fontana, Licia Ronzulli and Vincenza Patrizia Rutigliano (Romeo Robiglio being absent with good cause) submitted their resignations from their respective offices resulting in the dissolution of the Board of Directors effective from the date set for the shareholders’ meeting thus convened. Pursuant to Article 14.2 of the Company’s Articles of Association, the agenda set for the said shareholders’ meeting will therefore include the appointment of a new administrative body.”
The Board of Directors subsequently conferred on the Chairperson powers of ordinary administration to ensure continued management.
23 Jun 2017