(Alliance News) - Intercos Group Spa announced Monday that the board confirmed Renato Semerati as CEO.

Ludovica Arbella, on the other hand, was confirmed as executive director, to whom the board assigned respective powers.

The board of directors then noiminated the members of the committees: in the Appointments and Remuneration Committee, chairman Patrizia De Marchi, Ciro Pietro Giuseppe Cornelli and Michele Scannavini join; in the Control and Risk Committee, chairman Vincenzo Giannelli will be assisted by Paola Boromei and Ciro Piero Giuseppe Cornelli; and the Related Parties Committee will be composed of chairman Michele Scannavini, Patrizia De Marchi and Paola Boromei.

Finally, the board of directors, following the expiration of the term of office of the previously established body, appointed Giuseppe Schiuma com chairman, Maria D'Agata and Francesco Cimatti as members of the company's supervisory body.

Intercos stock is up 1.0 percent at EUR13.86 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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