(Finance) – The Board of Directors of doValuea company listed on Euronext Milan and active in the management and recovery of bad debts, offers its members increase from eleven to thirteen the number of members of the Board of Directors same, on the occasion of the September assembly.
The proposal is formulated “due to the need to expand the composition of the board itself with new figures who can bring additional professionalism and skills due to the greater operational, dimensional and strategic complexities connected to the planned acquisition of Gardant by doValue,” a document reads.
The two names proposed are Massimo Ruggieri and Enrico Buggea, who have “highly significant skills” and therefore “able to provide an important contribution to society and the group”.
Max Ruggieri Massimo has been working at Elliott since 2014, where he deals with investments in illiquid assets (credit and real estate) and private equity, mainly in the area of Southern European countries. Within Elliott, among the various operations he was responsible for, Massimo led the investment in Credito Fondiario, the bank from which Gardant and BancaCF+ were subsequently born. Before joining Elliott, he worked, starting in 1998, for the international investment banks Morgan Stanley, UBS and Deutsche Bank.
Enrico Buggea has been with Elliott in London since 2018. He focuses on investments across the capital structure in European financial institutions. During his tenure at Elliott, he is an investor representative on the board of Enra Specialist Finance, a UK mortgage lender; a member of the Supervisory Board of Hiltermann Leasing, a vehicle finance business in the Netherlands; and an Investor Director and member of the board of Bantry Bay, a pan-European ABL lender. He previously worked at Goldman Sachs and Nomura in London.
(Photo: Benjamin Child on Unsplash)