Italtile Limited the board of directors notified its shareholders that with effect from 30 June 2023 the Group's founder, Mr. Gianni Ravazzotti, will retire from his position as non-executive Chairman of the Board and will assume the role of non-executive director. He will remain active in the business in his new position. Ms Luciana Ravazzotti Langenhoven, who has served as non-executive Deputy Chairman since 2018, will succeed Mr. Ravazzotti as non-executive Chairman of the Board.

This transition is part of the Group's long-standing succession programme. Ms Ravazzotti Langenhoven has over 30 years of experience with the Group.