(Alliance News) - Fidia Spa announced Tuesday that it has appointed Gianpiero Orlando as the group's new chief financial officer, effective immediately.

Orlando - who will replace Graziella D'Andrea in the role - holds a degree in economics and began his professional career at EY, following a diverse portfolio of clients in the industrial, automotive and services sectors. He later held roles with increasing responsibility in administration, finance and control, including in international groups.

In his more than 30 years of experience, in addition to holding top management positions, he has overseen extraordinary M&A and corporate restructuring transactions.

Fidia's stock closed Tuesday down 0.4 percent at EUR0.28 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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