(Alliance News) - The board of directors of De' Longhi Spa on Thursday approved the appointment of Nicola Serafin as general manager, reporting directly to CEO Fabio de' Longhi, thus completing the search process for a candidate for the role of CEO.

In the new position, which will take effect Jan. 1, 2023, Nicola Serafin will have the powers of ordinary administration for the management of the Group.

De' Longhi is down 1.0 percent to EUR20.48 per share.

By Claudia Cavaliere, Alliance News reporter

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