Italeaf S.p.A. at the shareholders' meeting also ratified the co-opting of Paolo Allegretti and Stefania Bertolini as Directors, who will remain in office until the expiry of the current Board of Directors. The Company's Ordinary Shareholders' Meeting appointed eng. Paolo Piccini as a new independent director. Mr. Piccini has declared to possess the requisites of independence and respectability provided for by the law in force and by the By-Laws and that he not hold any shares of TerniEnergia. He has been an executive of the company since 1994. He gained his managerial profile through experience in top positions as general manager and managing director with full responsibility at the income statement level of multinational organizations with more than three thousand employees and business experience in the United States, Russia, Turkey and the Middle East and Great Britain. Following the new appointment, the Board of Directors is composed as follows: Laura Bizzarri with executive powers, Paolo Ottone Migliavacca independent director and Mario Marco Molteni independent director.