The shareholders' meeting of Fondo Italiano d'Investimento appointed on Thursday the new board of directors who will remain in office for the next three years. At the Presidency it was confirmed Innocent Cipolletta, while Carlo Mammola was designated as the new Chief Executive Officer, succeeding Gabriele Cappellini.
Carlo Mammola, with a long experience both in Italy and abroad in private equity, he was recently founder and Managing Partner of Argan Capital, a pan-European Private Equity Fund born from the spin-off of Bank of America Capital Partners Europe, as well as founder , Sponsor and CEO of Italy1 Investment, the first "SPAC", Special Purpose Acquisition Company, listed on the Italian Stock Exchange. He is professor of Innovation, Technology and Operations Management at theUniversità Bocconi.
The new Board is now composed of Innocenzo Cipolletta (President); Carlo Mammola; Ferruccio Carminati; Roberto Cassanelli; Guido Corbetta; Stephen Firpo; Anna Gervasoni; Giovanni Gilli; Rinaldo Ocleppo; John Sabatini; Pierpaolo Cellerino; Marco Zizzo. The members of the Board of Statutory Auditors have also been appointed, composed by Paolo Bifulco (President); Alfredo D'Innella (Standing Auditor) and Marco Tani (Standing Auditor).
The Shareholders' Meeting had previously approved the financial statements of the SGR as at 31 December 2015, which closed with a profit of about 800 thousand euros. Fondo Italiano d'Investimento SGR, created in March 2010 on the initiative of the Ministry of Economy and Finance, with the involvement of the Italian Banking Association, Cassa Depositi e Prestiti, Confindustria, Intesa Sanpaolo, Istituto Centrale delle Banche Popolari, Banca Monte dei Paschi di Siena and Unicredit, today manages 5 closed-end funds reserved for institutional investors, for a total of approximately 1,7 billion euros, one active in the private equity sector, which invests in companies with turnover between 10 and 250 millions of Euros; two active as a venture capital fund of funds, one active as a private equity fund of funds and one as a private debt fund of funds.
Overall, around 200 companies have been involved so far in the activities of the funds promoted by the Fondo Italiano d'Investimento, for a total of over 6,5 billion euros in turnover and over 36.000 employees.
