2.5 Chief Executive Officer (CEO)
At its meeting of 27 April 2016, the Board of Directors appointed Marco Alverà as Chief Executive Officer (CEO), and confirmed his appointment as General Manager on 15 January 2016. The Board of Directors assigned to him the duties of the Chief Executive Officer and conferred on him all the assignments and powers not reserved to the Board of Directors or the Chairperson, which are described, respectively, in Points 2.3 and 2.4 above and in Annex 4 to this Report.
The CEO represents the Company and performs the role of Director in charge of the internal control and risk management system (the “Director in Charge”)25.
No interlocking directorate, as defined in criterion 2.C.5 of the Code of Corporate Governance26, is in place with the CEO.
25 For more information on the Director in Charge, please see Section III, Point 6.1.
26 Criterion 2.C.5 of the Code of Corporate Governance stipulates that “the chief executive officer of issuer (A) shall not be appointed director of another issuer (B) not belonging to the same corporate group, if the chief executive officer of issuer (B) is a director of issuer (A)”.