Beltrade: Elica S.p.A. beings top management transition with focus on continuity and growth

After four years in office Giuseppe Perucchetti and the Company have mutually agreed that, having achieved the targeted objectives, the appropriate conditions have developed for a transition of leadership which particularly focuses on growth and an improved Group competitive capacity.

Therefore, an agreement has been reached by which Giuseppe Perucchetti will remain as Company Chief Executive Officer until August 25, 2016.

The Board of Directors, after thanking the Chief Executive Officer for his work and willingness to support the Company in the transition phase, tasked the Appointments and Remuneration Committee, together with the Chairman of the Board of Directors, and in accordance with the executive director succession plan adopted by the Company, to activate the succession process for the selection of the new Chief Executive Officer.