e-Novia, controversial resignation of president Vincenzo Costanzo Russi

e Novia controversial resignation of president Vincenzo Costanzo Russi

(Finance) – The new Board of Directors of e-Noviaa company listed on the professional segment of Euronext Growth Milan and active in robotics and AI technologies for the sustainable mobility market, has proceeded with the attribution of delegations and powers of ordinary and extraordinary administration to the Director Massimiliano Bencitherefore also naming it CEO.

Benci held the role of CFO in various companies in multiple sectorsincluding: Sportfive, Ovo, Digital Magics, Giocoplast Natale, Fornaroli Polymers, Ecuphar Italia, Mr&Mrs Italy, ICIM Group. He also held the role of Management Control Director at Eagle Pictures.

In the meeting of the Board of Directors, the President Vincenzo Costanzo Russinot considering the board’s proposal to accept the suggestion received from the company’s lawyers in charge of managing the Negotiated Settlement of the Self-Suspension Crisis, by each director, of the payment of their compensation until the successful outcome of the recovery plan of the Negotiated Settlement of the Crisis, has resigned its irrevocable resignation with immediate effect.

All other council members accepted the suggestion and waived the attribution of their individual remuneration, and, as regards the independent director, only the self-suspension of remuneration was confirmed until the successful outcome of the recovery and relaunch plan and the Negotiated Settlement of the Crisis.

Vincenzo Costanzo Russi holds, directly and/or indirectly, 2,293,425 shares of e-Novia, equal to 6.48% of the share capital. The manager took the company onto the stock exchange at the end of 2022, however the company immediately found itself in difficulty in the following years: it closed 2023 with a net result of -19.4 million (-9.8 million in 2022) after write-downs and amortization for 12.8 million and write-downs in equity investments for 1.1 million.

Following the resignation of Vincenzo Costanzo Russi from the position of President, the Board of Directors has appointed Giuseppe Natale as new President.

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