The Board of Directors of ACEA S.p.A. resolved to appoint director Michaela Castelli as Chairperson of the Board of Directors. The Board of Directors also set up an Executive Committee pursuant to Article 2381 of the Italian Civil Code and Article 20, paragraph 1, of the company's Articles of Association, comprising Giovanni Giani (Chairman), Michaela Castelli, Stefano Antonio Donnarumma and Massimiliano Capece Minutolo del Sasso, which will deal with matters pertaining to institutional sponsorships and relations. Following her appointment as Chairperson, the Board of Directors established that the independence requirements set forth by the Corporate Governance Code, with regard to Michaela Castelli, no longer existed. Without prejudice to the composition of existing board committees, the Board of Directors also appointed as replacement for Michaela Castelli: Liliana Godino, independent director, as Chairperson of the Acea Risk and Control Committee; Gabriella Chiellino, independent director, as member of the Related Parties Committee.