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De'Longhi

Board/Management Information Dec 22, 2022

4398_iss_2022-12-22_519cf96b-6ce1-4e46-823e-bd8e5681a956.pdf

Board/Management Information

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The Board of Directors of De' Longhi S.p.A. have approved today the appointment of Nicola Serafin as General Manager, reporting directly to the Chief Executive Officer Fabio de' Longhi, hence finalizing the search process for a candidate for the role of CEO.

In the new position, which will take effect from January 1 st 2023, Nicola Serafin will have the ordinary administration powers for the management of the Group.

Nicola Serafin joined the De' Longhi Group in 2000 after experiences in Danieli SpA and in the Benetton Group. Graduated with honors in Mechanical Engineering and with an Executive Master in Business Administration at the London Business School, Nicola Serafin held roles with increasing responsibilities in the technical and production fields until his appointment, in September 2016, as Chief Operating and Technology Officer, responsible for the entire R&D, manufacturing, supply chain and logistics platforms. He is also a member of the boards of directors of several Group companies. The curriculum vitae of Nicola Serafin - who, as of today, holds 1,400 De' Longhi shares - is available on the Company's corporate website www.delonghigroup.com.

In the evaluations of the Board of Directors, the appointment of a General Manager of internal extraction, supporting the work of the Chief Executive Officer Fabio de' Longhi, represents the ideal solution, in the current business context, to guarantee the achievement of the long term objectives of growth and profitability, in compliance with the Group's distinctive values.

In the words of Fabio de' Longhi: " ".

comments Nicola Serafin

We remind that, as already communicated on July 28, 2022, the Deputy Chairman Fabio de' Longhi was appointed Chief Executive Officer with effect from 1st September 2022, following the resignation of Massimo Garavaglia, and that the current Board of Directors, renewed on April 20, 2022, will remain in office until April 2025 or until the date of approval of the financial statements as at Dec. 31, 2024 (as per the press release of April 20, 2022).

Investor Relations: Fabrizio Micheli, Samuele Chiodetto T: +39 0422 4131 e-mail: [email protected]

Media relations: Mattia Rosati T: +39 0422 4131 e-mail: [email protected]

www.delonghigroup.com

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