AI Terminal
Saras
Board/Management Information • Dec 15, 2022
4379_rns_2022-12-15_887c5b39-fc8f-4911-9abf-cfb5096753de.pdf
Board/Management Information
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SARAS S.p.A.: Press Release
Milan, December 15th 2022: Saras S.p.A. informs, in relation to the Company press release dated July 29th 2022, that the Chief Financial Officer and Officer in charge of preparing Company's financial reports, Mr. Franco Balsamo, with a view to ensuring a smooth transition, will continue his employment relationship with the Company and will keep his duties in the Group until April 30th 2023 or, if later, until the date of approval of the 2022 Annual Report, and in any case no later than May 5 th 2023.
The name of the successor will be disclosed within the terms of the law.
On the basis of the communications received by the Company and publicly available, Franco Balsamo currently holds n. 284,814 shares.
Saras Investor Relations Ilaria Candotti Phone + 39 02 7737642 [email protected]
Press contacts Comin & Partners Lelio Alfonso Phone +39 334 6054090 [email protected] Tommaso Accomanno Phone +39 3407701750 [email protected]
THE SARAS GROUP
The Saras Group, founded by Angelo Moratti in 1962, is one of the leading players in the European energy and oil refining industry. Through the Parent Company Saras S.p.A., and its subsidiaries, Saras Trading SA, based in Geneva, and Saras Energia SAU, based in Madrid, the Group sells and distributes oil products in the domestic and international markets. The Group also operates in the production of electricity, through its subsidiaries Sarlux S.r.l. (IGCC plant) and Sardeolica S.r.l. (wind plant). Moreover, the Group provides industrial engineering and research services to the oil, energy and environment sectors through its subsidiary Sartec S.r.l.. The Group has about 1,572 employees and total revenues of about EUR 8.6 billion as of 31 December 2021 (about EUR 5.3 billion as of 31 December 2020).