Sogefi S.p.A. has appointed Laurent Hebenstreit as its new CEO, Monica Mondardini as chairman and Yann Albrand as CFO. Mr. Hebenstreit has had extensive international experience in the automotive components sector and has held important positions in Faurecia, Plastic Omnium, Allied Signal Automotive and Valeo. Mr. Hebenstreit has been co-opted on to the Board of Directors to replace resigning director Giuseppe Gianoglio.

The directors thanked outgoing Chairman Rodolfo De Benedetti, who will remain on the Board as a director, for his contribution to the growth of the company over the last ten years. Lastly, in view of the new organization of the administration, finance and control function of the group, Mr. Giancarlo Coppa, current Group CFO and Investor Relator, has decided to leave Sogefi to pursue new professional opportunities. At the request of the company, he will however continue in his role as Investor Relator and executive responsible for the preparation of the company's financial statements until July 31, 2015.

Albrand has consolidated experience of finance and administration management in important companies in various sectors. He comes from Urbania, where he was finance director for four years.