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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Wright Reports
Provider: SADIF-Investment Analytics, S.A.

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Snai SpA Announces Dr. Stefano Bortoli to Resign as Chief Executive Officer

Wednesday, 13 Mar 2013 02:17pm EDT 

Snai SpA announced that the Board of Directors approved the proposal for the consensual termination of the collaboration relationship with the Chief Executive Officer (CEO) Dr. Stefano Bortoli, with effect as of the end of the next shareholders’ meeting called to approve the financial statement for fiscal year 2012, on which date the CEO Dr. Stefano Bortoli will resign from his role in accordance with article 2385 of the Italian Civil Code. The Company’s majority shareholder, Global Games SpA, has informed the Board of Directors that it intends to propose Dr. Giorgio Sandi (after receiving confirmation of his willingness to take on the role) as Chairman and CEO of the Company, and in such capacity will be placed in charge of managing the Company going forward. 

Company Quote

0.035 +2.19%
4:53am EDT