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Sace, turnaround: Quintieri president, Decio CEO and Chief Executive Officer

Beniamino Quintieri takes the place of Giovanni Castellaneta as president of Sace - The new board of directors, which has risen from five to seven members, appoints Alessandro Decio as managing director and general manager of the company of the CDP group. – Soon the integration of Sace services with those provided by Cdp for export and by Simest.

Sace, turnaround: Quintieri president, Decio CEO and Chief Executive Officer

Beniamino Quintieri is the new president of Sace. The Shareholders' Meeting of the insurance-financial group participated by Cassa Depositie Prestiti, today appointed the new board members in order to align governance with the best international practices in the sector.

The number of board members rises from five to seven, three of whom are independent. In addition to Quintieri, who takes the place of Giovanni Castellaneta, Marilisa Allegrini, Federico Merola, Dante Roscini will be part of the board as independents. Reconfirmed in the position following the appointment of Cdp Simonetta Iarlori and Antonella Baldino, respectively Chief Operating Officer and Head of Development Finance of Cdp.

At the end of the meeting, the meeting of the board of directors decided in turn to appoint Alessandro Decio, who will assume the positions of managing director and general manager of the company, previously held by Alessandro Castellano.

Based on what is read in the note issued by Sace, with Decio a new cycle of further development is started for the company, in which - according to the provisions of the 2016-2020 Industrial Plan of the Cdp Group - a single hub will be set up for the internationalization at the service of the Italian entrepreneurial system through the integration and strengthening of the insurance-financial activities dedicated to supporting the export and international growth of Italian companies ("one-door project").

The primary purpose is to strengthen the competitiveness of Italian companies through the integration of Sace's services with those provided by Cdp for export and by Simest. As explained in the Industrial Plan of the Cdp Group, this new aggregate will have to mobilize resources for 63 billion euros by 2020.

The new Board of Statutory Auditors has also been appointed. The members will include: Franco Tutino (Chairman), Roberta Battistin and Giuliano Segre (Standing Auditors), Antonia Di Bella and Francesco Di Carlo (Alternate Auditors).

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