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TXT E-Solutions Board/Management Information 2015

May 5, 2015

4061_dirs_2015-05-05_268a5383-1e25-4902-8968-f751f0a667e7.pdf

Board/Management Information

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Informazione
Regolamentata n.
0439-28-2015
Data/Ora Ricezione
05 Maggio 2015
19:28:21
MTA - Star
Societa' : TXT e-SOLUTIONS
Identificativo
Informazione
Regolamentata
: 57682
Nome utilizzatore : TXTN01 - Matarazzo
Tipologia : IRCG 02; IRCG 03
Data/Ora Ricezione : 05 Maggio 2015 19:28:21
Data/Ora Inizio
Diffusione presunta
: 05 Maggio 2015 19:43:21
Oggetto : New Board Director
Testo del comunicato

Vedi allegato.

TXT e-solutions: Fabienne Dejean Schwalbe new independent director

Milan – May 5, 2015

The Board of Directors of TXT e-solutions has today appointed Ms Fabienne Dejean Schwalbe as independent director, replacing Mr Franco Cattaneo who resigned on April 29, 2015. The appointment has been approved by the Statutory Board of Auditors.

Ms Fabienne Dejean Schwalbe has graduated in 1985, with a Master from HEC Paris and has specialized at IMD Lausanne (2003) and Harvard Business School (2012).

She has acquired important expertise in Media & Digital markets in the United States, with increasing responsibilities in the Bertelsmann Group in Paris.

In Italy she was CEO of the Bertelsmann Gruner+Jahr/Mondadori Joint Venture and has founded a digital consultancy operating in France and Italy.

Ms Fabienne Dejean Schwalbe qualifies as an independent director according to art. 148, comma 3 D.Lgs 24 February 1998 n. 58 (TUF) and the Corporate Governance Code of Borsa Italiana. Based on available information, the new director does not own any TXT shares.

Mr Franco Cattaneo was a member of the Internal Control Committee, Chairman of the Remuneration Committee and had been recently appointed Lead Independent Director. Mr Franco Cattaneo, who at the date of resignation owned 20,000 TXT shares, gave as motive of his resignation differences of opinion on the composition and role of the Board of Directors, on communication and on future plans for stock options, which are still under discussion.

The Board of Director has accepted the resignation and thanked Mr Franco Cattaneo for his dedication and engagement as independent director during the last 7 years.

The Chairman Alvise Braga Illa and the Board have warmly welcomed Ms Fabienne Schwalbe as new independent director.

As of today, this press release is also available on the company's website www.txtgroup.com

TXT e-solutions is an international specialist in high-value, strategic software and solutions for large enterprises. The main business areas are: Integrated & Collaborative Planning Solutions, with the TXT Perform Division, especially for Luxury, Fashion, Retail and Consumer Goods; Software for Complex Operations & Manufacturing, with the TXT Next Division, for Aerospace, Defence, High-Tech and Finance. Listed in the Star Segment of Borsa Italiana (TXT.MI), TXT is based in Milan and has offices in Italy, France, UK, Germany, Spain, Canada, USA, Australia and Hong Kong.

For information:

TXT e-solutions SpA

Paolo Matarazzo CFO Tel. +39 02 25771.355 [email protected]