The CAD IT shareholders' meeting appoints the new corporate bodies

The ordinary shareholders’ meeting of CAD IT S.p.A. (www.caditgroup.com), leader company in the Italian financial software market, today met on first call, having acknowledged the resignation of all directors and statutory auditors, deliberated the appointment of the new administrative body and of the new board of statutory auditors.

The new board of directors, whose term of office will expire at the date of the shareholders’ meeting called to approve the financial statements as at 31st December 2021, is composed of seven directors, namely: Mr. Renato Dalla Riva, as chairman of the board of directors, Mr. Corrado Sciolla, Mr. Simone Sorato, Mr. Fabio Momola, Mr. Paolo Dal Cortivo, Ms. Giulia Dal Cortivo and Ms. Maria Giovanna Calloni (as independent director).

The new board of statutory auditors, which will remain in office until the date of the shareholders’ meeting called to approve the financial statements as at 31st December 2021, is composed of the following auditors: Mr. Maurizio Carlo Burnengo (chairman of the board), Mr. Alberto Cilloni and Mr. Giuseppe Benini (standing auditors), Ms. Paola Mignani and Ms. Annamaria Fellegara (alternative auditors).

Pursuant to Article 26 of the company’s by-laws, the shareholders’ meeting set the overall amount for the remuneration of all directors. The remuneration of the executive directors will be set by the board of directors, having heard the opinion of the board of statutory auditors.

Pursuant to Article 2402 of the civil code, the shareholders’ meeting also set the remuneration due to the auditors for the entire duration of their office.

The new board of directors met after shareholders’ meeting confirming Mr. Paolo Dal Cortivo in the position of managing director of the company.