Carel Industries

Board/Management Information • Jan 25, 2019

Informazione Regolamentata n. 2092-8-2019		Data/Ora Ricezione 25 Gennaio 2019 18:24:50	MTA - Star
Societa'	:	CAREL INDUSTRIES S.P.A.
Identificativo Informazione Regolamentata	:	113264
Nome utilizzatore	:	CARELINDUSN03 - Grosso
Tipologia	:	REGEM; 3.1
Data/Ora Ricezione	:	25 Gennaio 2019 18:24:50
Data/Ora Inizio Diffusione presunta	:	25 Gennaio 2019 18:24:51
Oggetto	:	CAREL - Appointment of a Director and of the Managing Director
Testo del comunicato

Vedi allegato.

Press Release

Co-option of a director to the Board of Directors of Carel Industries S.p.A. and appointment of the Managing Director

Brugine, 25 January 2019 – Following the resignation of Corrado Sciolla as a member of the Board of Directors and a member of the Remuneration and Control and Risks Committee of Carel Industries S.p.A., already disclosed on 15 January 2019, the Board of Directors met today and approved the appointment of Prof. Giovanni Costa having co-opted him, in compliance with the statutory and regulatory provisions in force.

From today, Prof. Giovanni Costa will take on the role of non-executive and independent director as well as Lead Independent Director.

Prof. Costa will remain in office until the next Shareholders' Meeting and will also be a member of the Remuneration Committee and the Control and Risks Committee.

The Board of Directors verified, on the basis of the information provided by the appointed person and available to the company, that Prof. Costa is in possession of all the requirements laid down by Article 148, paragraph 3 of the TUF and Article 3 of the Code of Corporate Governance of listed companies.

As far as the company is aware, Prof. Giovanni Costa does not currently own any shares of Carel Industries S.p.A.

Giovanni Costa is emeritus professor of Strategic Management and Corporate Structure at the University of Padua, where he taught between 1996 and 2017. He worked for many years as a management consultant taking part in management development projects in national and international companies and public authorities; he also held governance positions at various companies and bodies. He is currently a member of the Board of Directors of Intesa Sanpaolo and Edizione S.r.l.

Also today, the Board of Directors appointed Mr. Giandomenico Lombello, currently Group Sales and Marketing Director, as the new Managing Director, replacing Francesco Nalini, who will continue to maintain his role as CAREL's CEO with the same powers already assigned to him by the Board of Directors in the meeting held on 29 March 2018.

The Managing Director will report directly to the CEO, to whom he is hierarchically and functionally subordinate, and will play a general role in the direction, management and coordination of corporate operational process activities and functions. The appointment aims at strengthening the administrative structure of the Group, at guaranteeing lasting support for the management of the business and strong protection for operational processes in a period of high growth for Carel.

Giandomenico Lombello graduated in Electronic Engineering from the University of Padua and, after four years' experience in the biomedical sector, joined Carel in 1988 where he held various positions within the Group taking on posts of increasing responsibility reaching lastly Sales and Marketing Director in 2008, a position he currently holds.

As far as the company is aware, Giandomenico Lombello does not currently own any shares of Carel Industries S.p.A.

For further information

INVESTOR RELATIONS MEDIA RELATIONS

Giampiero Grosso - Investor Relations Manager Barabino & Partners ir@carel.com Fabrizio Grassi +39 049 9731961 f.grassi@barabino.it

Barabino & Partners IR Charlotte Nilssen Stefania Bassi c.nilssen@barabino.it s.bassi@barabino.it +39 02 72 02 35 35 +39 335 62 82 667 Francesco Faenza f.faenza@barabino.it +39 02 72 02 35 35

+39 392 73 92 125