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Elica Board/Management Information 2020

Apr 28, 2020

4217_rns_2020-04-28_2d98d5c6-642f-4450-9b38-86290f2bfafe.pdf

Board/Management Information

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PRESS RELEASE

BOARD OF DIRECTORS OF ELICA S.p.A. CONFIRMS MAURO SACCHETTO AS CHIEF EXECUTIVE OFFICER

Fabriano, April 28, 2020 – The Board of Directors of Elica S.p.A., the parent company of a Group that is the leading manufacturer of kitchen range hoods, met today and confirmed the appointment of Mauro Sacchetto as Chief Executive Officer of the company.

The assessments of the Directors Mauro Sacchetto and Giovanni Tamburi as non-independent, appointed by the Shareholders' AGM today, were unchanged.

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The Elica Group has been active in the kitchen hood and stoves market since the 1970's. Chaired by Francesco Casoli and led by Mauro Sacchetto, today it is the world leader in terms of units sold. It is also a European leader in the design, manufacture and sale of motors for central heating boilers. With approx. 3,700 employees, the Elica Group has seven plants, including in Italy, Poland, Mexico, India and China. With many years' experience in the sector, Elica has combined meticulous care in design, judicious choice of materials and cutting-edge technology guaranteeing maximum efficiency and reducing consumption, making Elica the prominent market figure it is today. The company has revolutionized the traditional image of the kitchen cooker hood: it is no longer seen as simple accessory but as a design object which improves quality of life.

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For further information:

Investor Relations Elica S.p.A.:

Giulio Cocci - Group Chief Financial Officer Francesca Cocco – Lerxi Consulting – Investor Relations Tel: +39 (0)732 610 4205 E-mail: [email protected]

Press Office Elica S.p.A.: Gabriele Patassi - Press Office Manager Mob: +39 340 1759399 E-mail: [email protected]

Image Building: Tel: +39 02 89011300 E-mail: [email protected]

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