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Banca Farmafactoring SpA (BFF.MI)

BFF.MI on Milan Stock Exchange

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Summary

Name Age Since Current Position

Salvatore Messina

72 Chairman, Non-Executive Independent Director

Massimiliano Belingheri

43 2016 Chief Executive Officer, Executive Director

Luigi Sbrozzi

35 2015 Non-Executive Vice Chairman of the Board

Carlo Zanni

2018 Financial Reporting Officer

Ben Langworthy

39 2015 Non-Executive Director

Isabel Aguilera

57 2018 Non-Executive Independent Director

Federico Fornari Luswergh

53 2015 Non-Executive Independent Director

Carlo Paris

62 2018 Non-Executive Independent Director

Barbara Poggiali

55 2018 Non-Executive Independent Director

Michaela Schindler Aumann

65 2015 Non-Executive Independent Director

Enrico Tadiotto

Investor Relations Officer

Biographies

Name Description

Salvatore Messina

Prof. Salvatore Messina serves as Chairman, Non-Executive Independent Director at Banca Farmafactoring S.p.A. He is Member of the Remuneration and Risk Committees and Chairman of Related-Party Transactions Committees at the Company. Mr. Messina graduated from the Universita degli Studi di Catania with a degree in Law. In 1971 Mr. Messina began his professional career at the Bank of Italy. In July 2004, he was promoted to manager of the Milan branch. During that time, Mr. Messina was a member and coordinator of several internal teams and represented the Bank of Italy at various conferences and seminars for both public and private sector entities. From 2011 to June 2014, Mr. Messina represented Banca Esperia S.p.A. as an independent director and since October 1, 2015 he has been the Chairman of the Board of Directors of the Diners Club Italia S.r.l. Currently, Mr. Messina is a member of the Supervisory Board (Organismo di Vigilanza) of Banca Monte dei Paschi di Siena and of various companies associated with the Group. Since July 10, 2015 he has been a member of the Supervisory Body (pursuant to the decree no.231-2001) of Unicredit S.p.A. Since 2011, he has been a professor of Public Law at the School of Banking, Financial and Insurance Sciences of Universita Cattolica del Sacro Cuore in Milan. He is also a Grand Officer of the Order of Merit of the Republic of Italy (Grande Ufficiale dell'Ordine al Merito della Repubblica Italiana) and a lawyer.

Massimiliano Belingheri

Mr. Massimiliano Belingheri has served as Chief Executive Officer, Executive Director of Banca Farmafactoring SpA since 2016. He has acted as Chief Executive Officer since 2013. Mr. Belingheri graduated cum laude with a degree in Economics of Public Administrations and International Institutions from Universita Commerciale Luigi Bocconi in Milan in 1997. He studied abroad at Wharton School of the University of Pennsylvania in Philadelphia. After graduating, he began his career as a business analyst at McKinsey & Company in the Milan and London offices. In 2001, Mr. Belingheri earned a Masters of Business Administration as a Baker Scholar from Harvard Business School. He subsequently joined the financial services team of Apax Partners, where he was promoted to Principal in 2003 and Partner in 2007. In 2008, Mr. Belingheri was promoted to head of financial services of Apax Partners in Europe. During this time, he was involved in several investment and disinvestment transactions in the financial services and media sectors. Additionally, he served as a member of the board of directors of Azimut Holding S.p.A. and Psagot Investment House from 2002 to 2004 and 2011 to 2013 respectively. Mr. Belingheri is currently a member of the board of directors of the Spanish Chamber of Commerce in Italy and member of the board of directors of Assifact.

Luigi Sbrozzi

Mr. Luigi Sbrozzi has acted as Non-Executive Vice Chairman of the Board of BANCA FARMAFACTORING S.P.A. since November 4, 2015. He is Member of the Remuneration and Audit Committees. Mr. Sbrozzi graduated in Economics and Finance from Universita Commerciale Luigi Bocconi in Milan and subsequently received an M.B.A. cum laude in Finance from Universita Commerciale Luigi Bocconi in 2006. He began his career at the private equity investment firm TA Associates in London as an associate. He subsequently worked as Director in the financial services team of CVC Capital Partners for four years. During these years, Mr. Sbrozzi helped orchestrate the Skrill Group Ltd acquisition and Avolon Aerospace Ltd. investment and was a Member of the Board of Directors of both companies. In 2014, he joined as Managing Director the European financial services investment team of the Centerbridge Partners.

Carlo Zanni

Ben Langworthy

Mr. Ben Carlton Langworthy has acted as Non-Executive Director of BANCA FARMAFACTORING S.P.A. since November 4, 2015. He is Member of the Nominating Committee. Mr. Langworthy graduated magna cum laude with a B.A. in economics from Yale University. He subsequently earned a Masters of Business Administration at Harvard Business School. Mr. Langworthy started his professional career collaborating with the Merger & Acquisition departments at Donaldson, Lufkin & Jenrette and Credit Suisse First Boston. He subsequently joined the Private Equity team of Soros Fund Management as an associate. In 2006, Mr. Carlton Langworthy joined Centerbridge Partners as Senior Managing Director responsible for the European private equity sector.

Isabel Aguilera

Ms. Isabel Aguilera has acted as Non-Executive Independent Director of BANCA FARMAFACTORING S.P.A. since April 5, 2018. She is Member of the Remuneration and Nominating Committees. She graduated in Architecture and in Town Planning at Siviglia University and she obtained a Master in Business Administration at Instituto de Empresa in Madrid. From 2006 to 2008, she was General Country Manager of Google Inc. in Spain and Portugal, and subsequently she was Chairman in General Electric in Spain and Portugal. Prior to this, she held roles at NH Hotel Group, as COO, Dell, as CEO, Airtel and HP Compaq. Having gained management experience, she became board member and independent advisor of many organizations, as well as associate professor at ESADE and Deusto Business School. She is currently independent director of Oryzon, Lar Socimi and Egasa sXXI.

Federico Fornari Luswergh

Mr. Federico Fornari Luswergh has acted as Non-Executive Independent Director of BANCA FARMAFACTORING S.P.A. since April 11, 2015. He is Chairman and Member of the Nominating and Audit Committees accordingly. Mr. Fornari Luswergh graduated cum laude from Universita degli Studi di Roma Sapienza with a degree in Economics in 1989. He has been a member of the Order of Chartered Accountants (Ordine dei Dottori Commercialisti) since 1990 and of the Register of Auditors (Registro dei Revisori Contabili) since 1992. In 1990, he joined Deloitte & Touche S.p.A. and was subsequently promoted to Senior Auditor. From 1994 to 2002, he held various offices in the finance and management control area in the Goodyear group, since he became President at Goodyear Italiana S.p.A. and CFO at Goodyear Dunlop Tires Italia S.p.A. From 2002 to 2007, he worked as general manager of centralized services of Industria Farmaceutica Serono S.p.A. Since 2007, he has been the CFO of the companies of the Merck Group in Italy. Mr. Fornari Luswergh previously served as a member of the board of directors of Goodyear Italiana S.p.A., and Industria Farmaceutica Serono S.p.A. Currently, he is a member of the board of directors at Merck Serono S.p.A., Istituto di Ricerche Biomediche A. Maxer ‘RBM S.p.A.', Allergopharma S.p.A. and Fonchim ‘‘Associazione Fondo Pensione Complementare a capitalizzazione per i lavoratori dell'industria chimica e farmaceutica e dei settori affini''.

Carlo Paris

Dr. Carlo Paris has acted as Non-Executive Independent Director of BANCA FARMAFACTORING S.P.A. since April 5, 2018. He has Doctoral degree with honours in Mechanical Engineering at Universita degli Studi di Roma La Sapienza; Master in Business Administration at American University in Washington; Executive Master in Social Entrepreneurship at Università Cattolica del Sacro Cuore in Milan and Master in Professional Coaching, plus training courses at Bocconi and Insead. He developed professional experience both in domestic and international management of private equity investments, as well as no profit and social finance projects. He was Board Member of many companies. He held many operating and strategic positions at Chase Manhattan Bank, Banca Nazionale del Lavoro Group and Unicredit Group. He was consultant of Vegagest SGR S.p.A. for the management of private equity funds; founder and CEO of Paris & Partners S.r.l., for internationalization, M&A and financial advisory, particularly in India and Brazil; founder and CEO of Argy Venture Capital S.r.l.; co-founder with Unicredit of Aurora Private Equity S.A. and CEO of Investimenti S.p.A. He is currently Board Member of ENAV S.p.A. and Chairman of the Remuneration and Nomination Committee. Both in ENAV S.p.A and Banca Farmafactoring S.p.A he is Independent Board Member designated by Assogestioni.

Barbara Poggiali

Dr. Barbara Poggiali has acted as Non-Executive Independent Director of BANCA FARMAFACTORING S.P.A. since April 5, 2018. She is Chairman of the Remuneration Committee and Member of Related-Party Transactions Committee. Barbara Poggiali graduated from the Massachusetts Institute of Technology (MIT), with multiple engineering degrees S.B. in 1984, S.M. in 1985 and PhD in 1987. She began her professional career first at McKinsey and then at Bain. From 1995 to 2000 she was at Omnitel (now Vodafone Italy) as Head of Strategy and Head of Consumer Marketing and Sales. She then joined E.Biscom S.p.A. (now Fastweb) as Chief Operating Officer until 2002, and then Cable and Wireless Plc. as Mobile Services Group Director. From 2004 to 2011 she was in RCS Mediagroup as Chief Development Officer and, finally, from 2009 to 2011 as CEO and General Manager of Dada S.p.A.. From 2014 to 2017 she was Head of Strategic Marketing at Poste Italiane S.p.A., and Chairman of PosteMobile. She is currently non-executive board member of various publicly traded companies: Falck Renewables S.p.A. (since 2012), SnaiTech S.p.A. (since 2013) and ASTM (since 2013) and of Bocconi University.

Michaela Schindler Aumann

Ms. Michaela Schindler Aumann has acted as Non-Executive Independent Director of BANCA FARMAFACTORING S.P.A. since December 21, 2015. He is Member of the Audit and Related-Party Transactions Committee. Ms. Aumann graduated with a degree in Economics from the University of Ausburg in 1977. From 1991 to 1998 she worked for Bayersche Landesbank as Head of the Credit Department in Munich. From 1998 to 2002, she became Head of Credit Department Large Corporates and Energy. In 2003, she became Head of Lending Department Globals and later Global Division Head of the Credit and Collateral Services department. She then served as General Manager of the Milan branch from 2008 to 2014.

Enrico Tadiotto