The Shareholders’ Meeting represents the will of shareholders and is convened at least once a year to approve the annual financial statements.
Its responsibilities include appointing the members of the Board of Directors and the Board of Statutory Auditors as well as the External Auditors.
Shareholders’ Meeting of 2023
21 April 2023, Treviso, Via Lodovico Seitz no. 47.
Notices and forms
Board of Directors
The Board of Directors is responsible for identifying the company's goals and defining the best strategy to achieve them.
The Board of Directors has set up three board committees that perform preparatory activities, make proposals, and provide advice: the Control and Risks, Corporate Governance and Sustainability Committee, the Remuneration and Appointments Committee, and the Independent Committee.
The current Board, appointed in 2019, and enlarged on April 22, 2020 with the appointment of Massimo Garavaglia, will remain in force until the shareholders’ meeting called to approve the financial statements at 31 December 2024.
Chairman and Executive Director, in office at the date the Company was listed, and more specifically since 18 April 2001, was born in Treviso (Italy) in 1939.
After graduating in Economics from Venice Ca' Foscari University, he developed the Company into the parent of a multinational Group.
He is currently also the Chairman of the Board of Directors of other companies in the Group.
Vice-Chairman and Chief Executive Officer, member of the Board of Directors since the Company was listed and, more specifically, since 18 April 2001, was born in Treviso (Italy) in 1967.
After graduating in Business Economics from Bocconi University in Milan, he has held several positions in the Company's Sales and Marketing Department in Italy and abroad.
He was Chief Executive Officer of the Group from June 2005 to April 2020, guiding it through its international expansion.
He resumed the position of CEO of the Group in September 2022.
Currently, he holds other executive positions in Group's companies.
Executive Director, in office since 12 July 2017, was born in Trieste (Italy) in 1984.
She obtained a degree in Political Science from Trieste University.
After holding positions in the Marketing and Communication Department of Kenwood based in Havabt /UK), and in organisation development for the Human Resources department of De' Longhi Group, in 2016, she was appointed Chief Corporate Services Officer for the Group, entrusted with managing the Legal and Corporate Affairs, Human Resources and Organisation, Quality and Information Technologies Departments. Currently, she holds other positions in the Group's companies.
MASSIMILIANO BENEDETTI, independent director, in office since 19 April 2018, was born in Rimini (Italy) in 1970. After graduating in Chemical Engineering with Environmental specialisation, Massimiliano Benedetti started his professional career in the Change Management area of Andersen Consulting (now Accenture), handling projects related to the computerisation and optimisation of the supply chain for energy clients. In 2000, Benedetti went to YooX Group (now YooX Net-A-Porter Group, part of the Richemont Group) joining Federico Marchetti – the founder – during the company’s start-up phase. He held the positions of Head of CRM & Logistics, VP Sales and Marketing and then Global Marketing Director, the position he held until the end of 2012. In 2013, Benedetti became an Independent Board Member of companies (such as H-Farm, LuisaViaRoma, Reda, Tomorrow Ltd), an Internet Advisor for luxury, art and design brands and a Business Angel. Benedetti is also a member of the Fashion Council of NYU Stern.
FERRUCCIO BORSANI, independent director, in office since 30 April 2019, was born in Locate Varesino (Como, Italy) in 1958. He graduated in Mechanical Engineering from the Polytechnic University of Milan and specialised in Economics and Business Management at the Bocconi University. He has gained significant experience in leading international groups in the fields of Information Technology, Logistics and Telecommunications. In 1996 he joined Omnitel Italia Spa, now Vodafone Italia, where he held various management positions over time and became General Manager in 2013. He is currently the Chief Operating Officer of Fiera Milano. Since 2015, he has worked as an angel investor, advisor and Board Member of technology, services and digital companies. He served as Independent Director in Telecom Italia in 2017 and is currently Independent Director in the Biesse S.p.A. Group.
LUISA MARIA VIRGINIA COLLINA, independent director, appointed on 14 April 2016 and in office since that date, was born in Milan (Italy) in 1968. Architect, Research Doctorate and Ordinary Professor in Design at the Polytechnic University of Milan. From 2005 to 2015, she was coordinator and Head of the Product Service System Design course at the School of Design in the Polytechnic University of Milan. From 2015 to 2021, she was Head (elect) at the School of Design in the Polytechnic University of Milan. She is mainly interested in interior design, focusing particularly on services and strategic design. She collaborates with universities, research centres and enterprises for international research programmes and strategic innovation projects in design. The results of her research and teaching have been presented at numerous conferences and in numerous publications. From 2004 to 2008 and from 2013 to 2015 she was elected board member of the Polytechnic University of Milan; from 2009 to 2010 she was appointed by the Rector of the Polytechnic University of Milan as a member of the university’s Assessment Unit. From 2010 to 2016, she was Delegate for the Rector of the Polytechnic University of Milan for the Expo and the University’s Grand Events and for Internationalisation Policies, from 2016 for External Relations. From 2013 to 2019, she was President of Cumulus, the international association of universities and colleges of design, art and media. She is currently Honorary President of the same association.
CARLO GARAVAGLIA, non-executive director, in office since the Company was listed, namely from 18 April 2001 to 15 July 2009 and since 21 April 2010, was born in Legnano (Milan, Italy) in 1943. He graduated in Economics and Business from Università Cattolica of Milan. He has been a member of the Association of Chartered Accountants of Milan since 1972. He has been a Certified Public Accountant since 1979, now a statutory auditor. He was a manager and partner of KPMG in Milan from 1970 to 1976. Founding partner of Studio Legale Tributario L. Biscozzi – A. Fantozzi and, since 1998, founding partner of Studio Legale e Tributario Biscozzi Nobili. He speaks at conferences, has written books and articles. He is Chairman of the Board of Directors of Banca Progetto S.p.A. and Director in unlisted companies such as Cordifin S.p.A., Ori Martin S.p.A., Ori Martin Holding S.r.l. and Miron S.A.
NG. Carlo Grossi,independent director, in office since 20 April 2022, was born in Lecco (CO) in 1956. He holds a degree in Mechanical Engineering from the University of Bologna and the Advanced Management from INSEAD. He gained significant experience in Italian (COESIA) and German (KORBER) international groups, leaders in the Packaging sector. From 2001 to 2011 he managed the Professional sector of the De 'Longhi group. He was the CEO of Del Clima, a spin off of the professional division, from 2012, the year of the listing on the Milan stock exchange, to the delisting in 2015. From 2016 to 2020 he was CEO of MITSUBISHI ELECTRIC Hydronics and IT Cooling SPA, of which he is currently President. Grossi was president of Eurovent (European Association of Air Conditioning and Refrigeration Industry) Brussels from 2011 to 2013 and Vice President from 2008 to 2010. From 2002 to 2011 he was Board Member of Eurovent Certita Certification SAS (Paris), leading European company in the independent certification. Since 2021 he is an Independent Board Member of Purmo PLC, the European leader in residential heating, listed on NASDAQ Helsinki.
Micaela le Divelec Lemmi non-executive and independent director, in office since 20 April 2022, was born in Florence (Italy) in 1968. After graduating in Economics and Business, specialising in Business Management, in 1992, Micaela le Divelec Lemmi started her career in the Financial area at the audit firm Ernst & Young, following the banking sector. Le Divelec Lemmi joined Gucci in 1998, in the Management Control department, in the period immediately preceding the group’s transformation into a multi-brand company and was therefore involved in the integration of the newly acquired brands (YSL, Bottega Veneta, Balenciaga, McQueen and Boucheron, among others). Le Divelec held various roles within the Group, including Group Controller until 2008, before focusing on the Gucci brand from 2008 in the role of Chief Financial Officer and later EVP and Chief Corporate Operations Officer. In March 2015, she was appointed EVP and Chief Consumer Officer, a role she held until April 2018. In 2018, le Develec Lemmi joined Ferragamo as General Manager, and later acquired the title of Chief Executive Officer in July 2018. Since September 2021, after leaving the Ferragamo Group, le Divelec Lemmi has worked as an angel investor in the development of innovative start-ups and in providing strategic and management advice for the fashion and luxury sector. Le Divelec Lemmi currently holds the position of Independent Director in the companies Aeroporti di Roma SpA, Porsche AG and Pitti Immagine Srl.
STEFANIA PETRUCCIOLI, non-executive director, in office since 23 April 2013, was born in Turin (Italy) in 1967. She graduated in Business Economics with honours from Bocconi University in Milan and is a Chartered Accountant. After years of experience in a leading private equity management company, she took on the role of partner and shareholder in Progressio SGR S.p.A., a company that manages two private equity funds, Progressio Investimenti I and II, for a total of €305 million funds under management, where she has worked since 2004. She was head of investments of the private equity and venture capital fund Principia III – Health until 2021. She has been a partner in Hope Sicaf, a private equity firm, since 2022. She has also worked as a lecturer on the Economics of Industrial Companies course at the Bocconi University.
CRISTINA PAGNI, non-executive director, in office since 23 April 2013, was born in Pisa (Italy) in 1955. She graduated with honours in Law from the University of Pisa and is authorised to practice law before the Court of Cassation. After having been partner in some other important law firms in Milan, she has been partner in Studio Legale Withers since January 2019, in the Litigation and Arbitration department.
The Board of Statutory Auditors monitors compliance with the law, the Articles of Association, and the principles of sound management as part of the company's operations.
The current Board, appointed in 2019, will remain in office until the Meeting convened for the approval of the financial statements at 31 December 2021.
CESARE CONTI, Chair of the Board of Statutory Auditors, was born in Bergamo (Italy) in 1963. Professor of Corporate Finance in the Finance Department of the Bocconi University in Milan, where he was director of the ‘Master of Science in Finance’ (2019-2022) and currently holds the courses ‘Corporate Finance’, ‘Company Valuations’ and ‘Financial & Enterprise Risk Management’, and is the coordinator of the Graduate School’s seminar series ‘Finance Ethics & Sustainable Finance’. Author of publications and speaker at conferences/webinars on: corporate finance and sustainable finance; extraordinary finance operations; financing and company valuations; corporate governance and enterprise risk management; financial risk management; use, valuation and presentation of derivative products in the financial statements. Independent consultant, court-appointed expert and party-appointed expert for companies, banks, private equity funds, public entities and legal/professional advisory firms. He holds and has held positions in listed and non-listed companies, as statutory auditor, independent director and member of the control and risks committee. He is registered in the Register of Chartered Accountants of Milan, Register of Statutory Auditors and Register of Technical Consultants for the Court of Milan.
Alessandra Dalmonte, Statutory Auditor, was born in Lugo (Ravenna) in 1967. She graduated with honors in Business Administration from Bocconi University in Milan. She has been authorized to practice the profession of Chartered Accountant since 1995 and is an Auditor registered in the Register referred to in the Ministerial Decree May 26, 1999 published in the Official Gazette, 4th special series, supplement n. 45 of 8 June 1999. She is a partner of the Poggi & Associati firm where she works as Chartered Accountant, mainly dealing with tax and corporate consultancy, international taxation and extraordinary finance operations and consultancy in the field of tax litigation. She performs the function of Director and member of the Board of Statutory Auditors in various companies.
ALBERTO VILLANI, Standing Member, was born in Milan (Italy) in 1962. He graduated in Economics and Business from the Luigi Bocconi University of Milan in 1988 and qualified as a Chartered Accountant in 1990. Registered in the Register of Chartered Accountants of Milan since 14/03/1990 and in the Register of Statutory Auditors as per Ministerial Decree 12/4/95 published in the Official Gazette no. 31-bis, 4th Special Series of 21.4.95. He practises the profession of Chartered Accountant independently, in the firm of which he is the owner. He was council member of the Association of Chartered Accountants of Milan from 2005 to 2007. As a consultant, he provides tax and corporate advice, statutory audit and auditing services; consultancy for business valuations and assistance in extraordinary transactions; consultancy and assistance in tax litigation. He usually carries out his professional activity with foreign clients, in international companies and corporate groups. He is a Director and member of the Board of Statutory Auditors in various companies.