Board of Directors

The Board of Directors consists of nine members, seven of whom are independent and one non-executive director (four are women) with appropriate and diversified skills.

The shareholders' meeting appointed Mr. Caio Massimo Capuano as Chairman.

The Board of Directors is appointed yearly.

CAIO MASSIMO CAPUANO
CHAIRMAN, NOT EXECUTIVE DIRECTOR

September 9th, 1954

Graduated in Electrical Engineering from La Sapienza University, Rome. Began his career at Xerox and then moved to IBM.

1986-1997: Senior Partner of McKinsey & Company in the Banking and Financial Institutions and ICT sectors. 1998-2010: CEO and Director of Borsa Italiana.

From October 2007, Deputy CEO of the London Stock Exchange Group. He held numerous positions at the Borsa Italiana Group (Cassa di Compensazione e Garanzia, Monte Titoli; MTS) and was a member of various committees of national interest established by the competent departments. A promoter of two versions of the Code of Corporate Governance for listed companies, he worked at various international bodies including holding the post of Chairman of the World Federation of Exchanges and Chairman of the Federation of European Securities Exchanges (FESE).

2011-2013: CEO of Centrobanca, Corporate & Investment Bank of the UBI Group.

2013: Chairman of IW Bank.

FERAS ABDULAZIZ AL-NAAMA
VICE PRESIDENT, INDEPENDENT DIRECTOR

August 6th, 1991

Degree in Economics B.S. at the University of Oregon (Eugene - USA). He attended postgraduate courses at HEC Paris in Qatar and Carnegie Mellon University in Qatar.

From January 2014 to September 2016 he worked at Qatar Holding LLC as an analyst (corporate analyst) and a member of the capital markets team.

Since September 2016 he has worked for Qatar Investment Authority as a member of the capital markets team, focusing in particular on equity, equity derivatives, real estate financing, FX, Fixed Income, Commodities and interest rate transactions.

MANFREDI CATELLA
KEY MANAGER (CEO)

August 18th, 1968

Degree in Economics and Commerce at the Università Cattolica del Sacro Cuore. Master in regional planning and real estate at the Politecnico di Torino. Founding member and CEO of COIMA RES, majority shareholder and CEO of COIMA SGR and President of COIMA S.r.l., real estate company founded in 1974, controlled by the Catella family.

He was Country Head and head of Italian assets for the Hines Group and worked at JP Morgan in Milan, Caisse Centrale des Banques Populaires in Paris, France, Heitman in Chicago, USA and HSBC in Paris.

President of the Riccardo Catella Foundation, member of the Advisory Board of Bocconi University and Assolombarda. Catella is a financial analyst and member of the Journalists ‘Association and is a member of the journalists’ register. He is the author of numerous articles and insights on the real estate sector and on the redevelopment of the territory.

PAOLA BRUNO
INDEPENDENT DIRECTOR

23rd february 1967

Graduated cum laude in Political Sciences and International Economics from La Sapienza University, Rome. Executive Master in Real Estate and Finance from SDA Bocconi School of Management in Milan.

Senior Executive with more than 25 years of experience in London and Milan: investment banker, top manager in the banking sector, CFO, private equity Managing Partner, Founder and CEO of the advisory company Augmented Finance Ltd, Non-executive Director and committee chair/member of listed companies (FTSE Italia and AIM UK).

OLIVIER ELAMINE
INDEPENDENT DIRECTOR

October 9th, 1972

Founder and CEO of alstria office REIT AG, a real estate company operating in Germany, focused on the office sector and listed on the Frankfurt Stock Exchange, with assets under management of over Euro 4 billion.

In the past, Olivier Elamine was one of the founders of NATIXIS Capital Partners, director of the Investment Banking team at CDC IXIS (focusing mainly on the real estate sector), and a consultant at Ernst & Young (still focusing on the real estate segment).

LUCIANO GABRIEL
INDEPENDENT DIRECTOR

August 15th, 1953

He is currently Chairman of the Board of Directors of PSP Swiss Property AG, a commercial real estate company operating in Switzerland and listed on the Zurich Stock Exchange (SIX Swiss Exchange), with assets under management of over CHF 7 billion.

He held the position of Chief Executive Officer of PSP Swiss Property from 2007 to March 2017, and as Chief Financial Officer of PSP Swiss Property from 2002 to 2007. From 1998 to 2002 he was Head of the Corporate Finance and Treasury Department of Zurich Financial Services.

From 1984 to 1998 he held various positions in the areas of corporate finance, risk management, international banking services to companies and commercial development at the Union Bank of Switzerland.

He was President of EPRA (European Public Real Estate Association), the European association of major listed companies operating in the real estate sector for the period 2016/2017.

ARIELA CAGLIO
INDEPENDENT DIRECTOR

January 20th, 1973

Ariela Caglio graduated with honors in Business Administration from the Bocconi University, where she obtained a PhD in Business Administration and Management in 2001. He is Associate Professor of Management Accounting and Performance Measurement and Director of the Bocconi ESSEC Double Degree at the Bocconi University, as well as senior Professor and Liaison Officer of the SDA Bocconi School of Management.

She gained over fifteen years experience in areas such as business planning and budgeting, cost accounting, measurement and performance management and integrated reporting. She has also been a visiting professor at prestigious international institutions, such as the London School of Economics and Political Science (LSE) and the University of Manchester.

Ariela Caglio has published her contributions in important national and international magazines. He is a member of several Editorial Board and of the Standing Scientific Committee of the European Accounting Association (EAA) as well as Deputy Chair of the European Accounting Association (EAA) 2018 Congress. He participated in the Ready4-Board Women project. He sits on the Board of Esprinet SpA as an Independent Director.

ALESSANDRA STABILINI
INDEPENDENT DIRECTOR

November 5th, 1970

Degree in Law at the University of Milan. Master of Laws (LL.M) at the Law School of the University of Chicago, Chicago (USA). Ph.D. in Business Law at Bocconi University. Enrolled in the Register of Lawyers of Milan since 2001.

Researcher of commercial law at the Faculty of Law of the University of Milan since 2004, with confirmation in the role in 2007. From 2011 to 2017, Adjunct Professor and holder of the course of International Corporate Governance (up to the 2015/2016 academic year), then the Corporate Interest course, Corporate Social Responsibility, and Financial Reporting (from the 2016/2017 academic year).

Equity partner of Nctm Studio Legale Associato since 2015 (from 2011 to 2015 Of Counsel, former Collaborator). Areas of activity: company law, with particular reference to listed companies, financial market law, banking governance and regulation and banking crises. Vice-President of NED Community. He holds positions as independent director and statutory auditor in various companies, listed and unlisted. He holds and has held positions in crisis procedures of financial intermediaries, for the appointment of the Bank of Italy.

ANTONELLA CENTRA
INDEPENDENT DIRECTOR

September 20th, 1969

Graduated in law, summa cum laude, at the Sapienza University of Rome, Antonella Centra attended her master’s degree in EU law at the College of Europe of Bruges.

She always collaborated, both as general counsel (or deputy general counsel as far as regards Wind) who as a member of the board of administration, with important national companies e international, such as Gucci and Bottega Veneta – Kering Group, Wind Telecomunicazioni and Coca- Cola

In by virtue of its specific skills, since 2015, in addition to the role of general counsel and manager of compliance of the Gucci Group group, has been invested with the responsibility of EVP Sustainability Director and Head of Institutional Affairs. In these roles, helped define the sustainability strategy at 10 years of the Kering Group to make it in the various Gucci Business Units for sustainability was a pillar of Gucci’s corporate culture.

Antonella Centra, therefore, has a solid experience in in relation to any management issue social responsibility issues business and sustainability, combined with a thorough knowledge and familiarity in relation to any profile of relations and institutional affairs. Antonella Centra, in addition to her roles within the Kering Group, is now invested with official roles in main institutional bodies and associations.

MEMBERS AND ATTENDANCE (AT 31/12/2020) BOARD OF DIRECTORS INVESTMENTS COMMITTEE REMUNERATION COMMITTEE CONTROL AND RISK COMMITTEE
MASSIMO CAPUANO Chairman
NON-EXECUTIVE		 11/11 - 5/5 -
FERAS ABDULAZIZ AL NAAMA Vice Chairman
NON EXECUTIVE, INDIPENDENT
CODE SELF-DISCIPLINE TUF		 11/11 24/31 - -
MANFREDI CATELLA Chief Executive Officer
EXECUTIVE		 11/11 31/31 - -
AGOSTINO ARDISSONE1 Director
NON EXECUTIVE, INDIPENDENT
CODE SELF-DISCIPLINE TUF		 0/1 - - 0/1
OLIVIER ELAMINE Director
NON EXECUTIVE, INDIPENDENT
CODE SELF-DISCIPLINE TUF		 11/11 - 5/5 -
LUCIANO GABRIEL Director
NON EXECUTIVE, INDIPENDENT
CODE SELF-DISCIPLINE TUF		 11/12 30/31 - 8/8
ALESSANDRA STABILINI Director
NON EXECUTIVE, INDIPENDENT
CODE SELF-DISCIPLINE TUF		 11/11 - 5/5 8/8
ARIELA CAGLIO1 Director
NON EXECUTIVE, INDIPENDENT
CODE SELF-DISCIPLINE TUF		 11/11 - - -
ANTONELLA CENTRA Director
NON EXECUTIVE, INDIPENDENT
CODE SELF-DISCIPLINE TUF		 11/11 - - -
PAOLA BRUNO2 Director
NON EXECUTIVE, INDIPENDENT
CODE SELF-DISCIPLINE TUF		 5/6 - - 4/4

1. In charge until March 8th, 2020
2. In charge from June 11th, 2020

Members of the Board of Directors (direct and indirect stakes)
Date: June 2021

Note: figures for Manfredi Catella include both direct and indirect participations through COIMA SGR and COIMA REM

Name Shares held Stake held
Manfredi Catella 131,210 0.36%
Olivier Elamine 4,000 0.01%
Luciano Gabriel 20,000 0.06%
Total 155,210 0.43%
     
Shares outstanding 36,106,558