Susan Carol Holland and Enrico Vita were appointed Chairperson of the Board of Directors (non-executive) and Chief Executive Officer (executive), respectively, in line with the prior offices held.

The Board of Directors also appointed the members of the following Board Committees and the Supervisory Board:

• Remuneration and Appointments Committee: Maurizio Costa (Chairperson), Susan Carol Holland, Maria Patrizia Grieco, Giovanni Tamburi
• Risk, Control and Sustainability Committee: Lorenzo Pozza (Chairperson), Susan Carol Holland, Lorenza Morandini, Nicola Bedin
• Related Parties Transactions Committee: Nicola Bedin (Chairperson), Maurizio Costa, Lorenza Morandini
• Supervisory Board: Lorenzo Pozza (Chairperson), Nicola Bedin. The Board of Directors also appointed the Chief Internal Audit & Risk Management Officer Laura Ferrara as member of the Supervisory Board

The Board of Directors also appointed Lorenzo Pozza Lead Independent Director.

The Board of Directors, lastly, verified that, based on the information provided by the interested parties or, at any rate, available to the Company, the following directors qualify as independent directors pursuant to Art. 148, paragraph 3, of TUF, as well as to the recommendations found in the Corporate Governance Code, as adopted and implemented within the Board of Directors Regulations:

• Giovanni TAMBURI
• Maurizio COSTA
  
• Maria Patrizia GRIECO
• Lorenzo POZZA
• Nicola BEDIN
• Lorenza MORANDINI

With regard to these qualifications, please note that the Board of Directors recognized the independence of the directors Giovanni Tamburi, Maurizio Costa, Maria Patrizia Grieco and Lorenzo Pozza despite having been Directors of the Company for over nine out of the last twelve fiscal years, on the basis of the independent judgement they have consistently proven to possess and their professional capabilities.

The Board of Statutory Auditors verified - in accordance with the Board of Directors Regulations - the correct application of the criteria and procedures for assessment adopted by the Board of Directors to evaluate the independence of the aforementioned Directors.