Sergio Albarelli he stepped down as chief executive officer and general manager of the group Azimuth. The news sank the stock on the stock exchange of the management company, which at the beginning of the afternoon came down by more than 4,8%, to 10,24 euros. This is the worst decline of the entire Ftse Mib.
The termination of Albarelli's contract will be effective from 25 January 2019. That of the manager is a "personal choice" taken "in full agreement with the corporate bodies", he explains in a note.
“The Board thanks Albarelli – continues the text – and, following his resignation, appointed by co-optation Gabriel Blei, conferring on him the office of director".
Until the appointment of the new CEO, foreseen with the shareholders' meeting of April 2018, the company confirms and further strengthens the powers already attributed to the members of the BoD to allow ordinary and extraordinary management.
“The path followed in Azimut has been a successful path – commented Albarelli – which has seen the birth of over 60 projects for the modernization of internal processes and the introduction of new ones. An articulated work, which in July 2019 will equip the group with one of the most advanced IT systems capable of guaranteeing an even more efficient service both towards customers and towards the distribution network".
The manager recalled that from October 2016 to today, managed and administered assets have increased from 42 to 52 billion with over 11 billion in net inflows, 7 of which abroad.
