|New appointments at Sopaf|
Milan, 20 July 2006 – The Sopaf S.p.A. Board of Directors has today named the company's vice chairman, Giorgio Magnoni, as the chief executive office and has approved the appointment of Giovanni Caruso as chief operating officer.
The Board also appointed Adriano Galliani as a member of the internal controls and corporate governance committee, to replace Luigi Guatri who has surrendered the post.
In addition, the Board has acknowledged the provisions of the new Corporate Governance Code for Publicly Listed Companies that was issued in March, and has made some changes to its corporate governance in order to comply with the new code. More specifically, the Board has verified that the following directors meet the requisites for qualifying as independent directors: Giancarlo Boschetti, Renato Cassaro, Adriano Galliani and Juan Llopart.
In recent years, Caruso held the position of the chief operating officer for Autogrill's European operations, and served thereafter as the executive vice president - corporate for Sorin's Perfusion & Blood Management Division, later becoming the division's president. Prior thereto, he spent roughly 20 years as a specialist in human resources and organization, working with large companies such as Pirelli, Novartis, Sme, Schering Plough, and GS/Carrefour, both in Italy and abroad.
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