The Managing Director is appointed for a period of six years and may be re-elected. The Managing Director attends the Meetings of the Shareholders, the meetings of the Governing Council without voting right but with advisory and proposal powers, and acts as chair of the Supervision Committee. The Managing Director is responsible for human resources, coordinates and supervises the work to be carried out. The duties of the Managing Director include, but are not limited to, the implementation of the resolutions of the Governing Council and of the decisions taken as a matter of urgency by the chair and the arrangement of the implementation of the resolutions passed by the Supervision Committee.
* in accordance with art. 14, paragraph 5, of the Statute, Andrea Vivoli since July 1st 2022 has become Deputy Managing Director acting Managing Director and since March 1st 2023 has become the new Managing Director; the assignment has a term of six years and may be renewed.