Saras S.p.A. announced that on the 27 of February 2013, the board of directors resolved-in the context of a wider reconsideration of the powers relating to the company's operating activities-to appoint its member, Mr. Dario Scaffardi, as Executive Vice President (Vice Presidente Esecutivo) and to vest him with wide-ranging powers in relation to the company's operating activities. The Executive Vice President has also been appointed to supervise the efficiency of the internal control system. Mr. Scaffardi will continue to serve as General Manager.