Non-executive Director Roberto Cingolani resigns in light of his new responsibilities as Minister of the new Italian Government
Ferrari N.V. announced the resignation of non-executive Director Roberto Cingolani, effective February 13, 2021, following his appointment as Minister in the Italian Government. The Company expressed gratitude for his contributions to the Board and the Governance and Sustainability Committee. Executive Chairman John Elkann voiced well wishes for Cingolani’s new role. This leadership change may influence the company's governance structure but does not indicate immediate financial implications for investors.
- Cingolani's contributions were acknowledged positively by the company.
- No immediate financial implications were reported due to the resignation.
- Leadership change may create uncertainties in company governance.
Maranello (Italy), 16 February 2021 - Ferrari N.V. (NYSE/MTA: RACE) (the "Company") announces that Mr. Roberto Cingolani communicated to the Company his resignation from his role as Company’s non-executive Director and member of the Governance and Sustainability Committee of the Board of Directors with effect from 13 February 2021 when he was appointed Minister of the new Italian Government.
Commenting on Mr. Cingolani’s resignation, Mr. John Elkann, Executive Chairman and Chief Executive Officer, said: “I would like to express our sincere thanks to Roberto for his dedicated contribution as member of our Board of Directors and as member of our Governance and Sustainability Committee and to make him our best wishes for his new appointment.”
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