Board of Statutory Auditors

In accordance with the Bylaws, the Board of Statutory Auditors is made up of three standing auditors and two alternate auditors.

The Board of Statutory Auditors in office, appointed by the Ordinary Shareholders' Meeting held on 15 June 2017, effective from 1 July 2017, and subsequently supplemented by the Ordinary Shareholders' Meeting held on 16 April 2018 following the resignation of the Chairman of the Board of Statutory Auditors for reasons of incompatibility with other offices, shall remain in office until the date of the Ordinary Shareholders' Meeting called to approve the financial statements at 31 December 2019.

Board of Statutory Auditors

Franco Guido Roberto Fondi

Chairman

Born in Milan on 15 May 1952, Franco graduated in Business Administration from the Bocconi University of Milan and is qualified as a chartered accountant.

During his career, he has served as chairman of the board of statutory auditors and statutory auditor in several companies, and has also been involved in the preparation of many publications on tax matters.

Paolo Redaelli

Statutory Auditor

Born in Carate Brianza, on 11 August 1975, Paolo graduated in Business Administration from the Luigi Bocconi University of Milan, completed his academic training by obtaining a master's degree in tax law from such university and is qualified as a chartered accountant and auditor.

In 2000 he began working with Studio Spiniello Commercialisti Associati, becoming a partner in 2014. In performing his professional duties, he mainly deals with tax consultancy for medium and large-sized groups working in the industrial, real estate, financial and services sectors; he also prepares annual and consolidated financial statements, sworn appraisals, company valuations and assets, as well as providing consultancy in extraordinary operations, company reorganizations and enquiries.

During his career, he has served as statutory auditor, sole director and liquidator in several companies, and has also written several publications in the field.

Laura Acquadro

Standing Auditor

Born in Milan on 1 December 1967, Laura graduated with honours in Economics from the Luigi Bocconi University of Milan and graduated in Law, with honours, from the State University of Milan.

She is qualified as a chartered accountant and statutory auditor. As a partner of Studio Acquadro e Associati in Milan, she provides corporate and tax consulting services on a national and international level, as well as assistance in extraordinary corporate transactions and corporate valuations, with specific expertise in the real estate sector.

Laura Acquadro also holds the office of auditor, inter alia, in the following companies: Equita SIM, Spig S.p.A., Jcoplastic S.p.A., Dom 2000 S.p.A., Alem S.p.A., Metalcolor S.p.A., Finbot S.p.A., Ferrari Meccanica S.p.A., Immobiliare Cavour Corsico S.p.A., Metalimmobiliare S.p.A., Fondazione VIDAS and Associazione Teatri di Milano.

She is currently a member of the following boards of directors: Società Finanziamenti Vari S.r.l., Immobiliare Tibaldi S.r.l. Edilnovanta S.p.A., Centro Alto Milanese S.r.l., T.P.2 S.r.l., Fenicia Immobiliare S.r.l. and Società Immobiliare Tangenziale Paullese S.r.l..

Filippo Annunziata

Alternate Auditor

Born in Milan on 20 August 1963, Filippo is a Professor of Financial Market Law at the Bocconi University of Milan. He is also a member of the board of professors of the Ph.D. in Economic Law, a founding member of the Observatory on European Commercial Law at Bocconi University, and a fellowmember of the Paolo Baffi-CAREFIN Research Centre at such university.

He is a member of the Academic Board of the European Banking Institute, Frankfurt. A member of the Professional Register of Chartered Accountants of Milan since 1992, he is a founding member of AC Group – Annunziata & Conso, a network of professionals that works in the field of legal advice with offices in Milan, Lugano and Rome, as well as a general partner of the "ACFirm" firm based in Milan (previously founder in 2001 of the Annunziata e Associati firm).

He has held numerous positions as an independent director and statutory auditor in companies, including listed companies, banking and financial intermediaries. He has held and still holds several positions by appointment of the competent authorities (Bank of Italy - Ministry of Economy), including liquidator of Nuova Breda Fucine S.p.A. in l.c.a., Otobreda Finanziaria S.p.A. in l.c.a., Finanziaria Ernesto Breda S.p.A. in l.c.a., extraordinary director of IGM Sgr S.p.A., Controlfida SIM S.p.A., Borgonuovo SIM S.p.A., Mobilmat IMEL S.p.A., liquidator of Bregliano SIM S.p.A. in l.c.a., member of the Supervisory Committee of Eagle SIM S.p.A. in l.c.a.

He is the author of an extensive series of publications on corporate, banking and financial matters, and is a member of the editorial committees of the "Rivista delle Società" and the "Rivista di diritto societario". He teaches in the Musicology courses at the University of Milan, and is the author of several publications on historical and musical subjects.

Andrea Polizzi

Alternate Auditor

Born in Milan on 2 April 1970, Andrea graduated in Law from the Università Cattolica del Sacro Cuore of Milan, and completed his academic training by obtaining a PhD in domestic and international commercial law at such university.

He has been a member of the Milan Bar Association since 2003 and has worked with many Italian law firms, becoming a name partner of the D'Argenio Polizzi Associati law firm, in 2015. In performing his professional duties, he mainly deals with consulting in the field of insurance, banking and financial regulation.

During his career, he has served as chairman of the board of statutory auditors, as statutory auditor and as a member of the supervisory body of numerous companies. He is the author of many scientific publications in his fields of activity.