September 17, 2019 / 10:39 AM / a month ago

Atlantia to set up executive committee after expected CEO exit -sources

MILAN, Sept 17 (Reuters) - Infrastructure group Atlantia will appoint an executive committee to replace long-serving Chief Executive Giovanni Castellucci who is expected to resign later on Tuesday, two sources with knowledge of the matter said.

Castellucci is expected to hand in his resignation at a board meeting scheduled at 1230 GMT after the Benetton family, which is the group’s top shareholder, pulled its support for the manager following the escalation of a probe.

Gianni Mion, a veteran manager who is the right-hand man of the Benettons, could become an executive director at the infrastructure group to steady the company, the sources said.

A final decision on Mion’s appointment will be taken by the board, a third source said.

Reporting by Francesca Landini, Elisa Anzolin, Stephen Jewkes

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