New governance for Fiera Milano S.p.A.: Fondazione Fiera Milano has submitted a list for the new Board of Directors

Milan, 24 March 2017 - The Executive Committee of Fondazione Fiera  held a meeting this morning, chaired by Giovanni Gorno Tempini, to define the new corporate governance of Fiera Milano S.p.A. The list will be presented for approval at the Extraordinary and Ordinary Shareholders' Meeting of Fiera Milano convened for 21 April 2017 at 2.30 pm at the trade fair exhibition center at Rho. 

In particular, the Executive Committee of Fondazione Fiera Milano, the majority shareholder with 63.82% of the ordinary share capital of Fiera Milano S.p.A., unanimously passed the resolutions for the presentation of the new list of directors and for the proposed statutory changes required for the new corporate governance of the subsidiary. 

The decision comes following events that occurred on 13 January this year, when, as a result of measures adopted by the judicial administration, the majority of the Administrators of Fiera Milano S.p.A. resigned from office with effect from the date of the General Meeting held for the approval of the 2016 annual financial statements, resulting in forfeiture of the entire Board of Directors.

The strategic importance of the role of Fiera Milano S.p.A. has facilitated the recruitment of high-profile candidates. All of the individuals selected are of high professional standing and have acquired considerable experience in various complementary roles and functions. Their fields of expertise comprise such areas as business management, internal auditing and control, financial and legal activities, information technology and systems and, in particular, the trade fair sector.

Through its proposal regarding statutory changes, Fondazione has also expressed an intention to bring the model of corporate governance established in the Articles of Association of Fiera Milano S.p.A. in line with the best practices of the sector and recommendations contained in the Self-Regulatory Code for companies listed in the Italian Stock Exchange.

Moreover, from this perspective the Fondazione has also improved its system of company procedures, optimizing its effectiveness and efficiency as a shareholder.

Fondazione Fiera Milano is determined to continue to support the industrial development of Fiera Milano S.p.A. and the process of strengthening its organizational and corporate structure, with the aim of consolidating the outstanding position that has always been a distinguishing feature of Fiera Milano.

The Executive Committee thanked the outgoing Board of Directors and, in particular, its Chairman, Roberto Rettani, for all the work carried out in the complex phase which followed the court order.

Candidates proposed for the Board of Directors of Fiera Milano S.p.A. for the next three financial years and, that is, until the approval of annual statements on 31 December 2019.

The Executive Committee of Fondazione unanimously approved the following list of designated candidates for the Board of Directors of Fiera Milano S.p.A. for the financial years 2017, 2018 and 2019:

1. Alberto BALDAN
2. Corrado COLLI
3. Francesca GOLFETTO
5. Lorenzo CAPRIO
6. Marina NATALE
7. Elena VASCO
8. Gianpietro CORBARI


and with the appointment of Director Alberto Baldan as Chairman and a recommendation to be presented to the new Board of Fiera Milano requesting that it confer upon Corrado Colli the position of Chief Executive Officer.