ERG, ok meeting with balance sheet and dividend. Garrone confirmed as president, Luigi Merli remains CEO

ERG ok meeting with balance sheet and dividend Garrone confirmed

(Finance) – The Ordinary Shareholders’ Meeting of ERG approved the Financial Statements as of 31 December 2023 which highlights a profit of 27.8 million euros and examined the Group’s consolidated financial statements as at 31 December 2023 which records a net result from continuing operations
adjusted Group income of 226 million euros as well as the Report on corporate governance and ownership structures and the consolidated non-financial statement as at 31 December 2023.

The payment of a fee has been approved dividend of 1 Euro per share which will be paid starting from May 22, 2024 (payment date), subject to coupon detachment (n. 27) starting from May 20, 2024 (ex date) and record date on May 21, 2024.

Edoardo Garrone confirmed as President
The Ordinary Assembly has appointed, for the next three years, the new Board of Directors – made up of 12 members – in the persons of Edoardo Garrone, Alessandro Garrone, Giovanni Mondini, Paolo Luigi Merli, Luca Bettonte, Elisabetta Caldera, Federica Lolli, Marina Natale, Elisabetta Oliveri, Renato Pizzolla, Barbara Poggiali, and Daniela Toscani1 and confirmed to Presidency of the Edoardo Garrone Society.

The Board of Directors of ERG, which met at the end of the work of the Assembly, confirmed the delegations to the President, confirmed Alessandro Garrone Executive Vice President and appointed the same Director in charge of the internal control and risk management system, confirmed Giovanni Mondini Vice President and Paolo Luigi Merli CEO.

The president Edoardo Garrone, in continuity with the previous mandate, will manage the corporate affairs activities through supervision, direction and control tasks. Alessandro Garrone, as executive vice president, in continuity with the previous mandate, will supervise the strategic choices of the group and the definition of the macro organizational structure.

The ordinary meeting approved the multi-year incentive plan (LTI System 2024-2026) and in the extraordinary meeting approved the changes to the Articles of Association proposed by the Board of Directors.

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