(Finance) – The Board of Directors of ILLAa company listed on Euronext Growth Milan and active in the production and marketing of aluminium cookware with non-stick coating, has resolved to proceed with the preparation, subscription and filing, with the competent Court of Parmaof a preventive settlement proposalor a restructuring plan subject to approval, accompanied by any proposal for the treatment of tax and contribution credits and the documentation established by law.
The board also proceeded to appointment by co-option of two new councilorsspecifically Eugenio Favale and Andrea Meiani, who have already accepted the nomination, restoring the number of councilors to seven.
Eugenio Favalechartered accountant, brings significant experience at leading banking institutions in the field of credit and corporate restructuring, with a view to corporate recovery aimed at resolving business crises. Andrea Meiania graduate in economics and business and a consultant in the fields of compliance, internal audit, risk management, anti-money laundering, privacy and 231 models, is the author of several publications on the regulation of financial markets, the protection of savings, alternative investment instruments and funds and innovation in the capital market.