Giglio Group appoints by co-optation new board member

(Alliance News) - Giglio Group Spa has announced that its board of directors has appointed by co-optation Maria Cristina Grillo as a new nonexecutive and independent director, chairwoman of the nomination and remuneration committee and member of the control and risk and related parties committee, who will hold office until the next shareholders' meeting.

The appointment followed the resignation, effective immediately, of independent director Sara Armella.

On Monday, Giglio Group closed 3.3 percent in the red at EUR0.58 per share.

By Claudia Cavaliere, Alliance News reporter

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