(Alliance News) - Itway Spa announced Monday that its board of directors has appointed Massimo Fanelli as co-general manager with powers of ordinary administration.

Fanelli has served as deputy general manager since November 2022.

"Fanelli's new appointment," reads the company's statement, "continues on the company's path, with the necessary investments, aimed at achieving the 2022-2027 Industrial Plan, which sees the internal organization, according to the governance model adopted by the company, rapidly conforming to a constantly evolving market.

Itway's stock closed Monday in the green by 1.9 percent at EUR1.40 per share.

By Chiara Bruschi, Alliance News reporter

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