Committees

Remuneration and Nominations Committee

The Committee formulates proposals to the Board to define a remuneration policy for the executive directors, directors vested with special powers and key management personnel; submits proposals to the Board of Directors on the remuneration of executive directors and the other directors vested with special powers; assesses proposals to introduce short and long-term incentive systems, monetary and share-based, to be submitted for the approval of the Board of Directors; proposes performance objectives to the Board, linked to the variable component of the remuneration of executive directors, directors vested with special powers and key management personnel; checks, even using information received from the relevant company departments, whether the performance objectives linked to the incentive plans and variable remuneration have been achieved.

The Committee also formulates opinions on its size and composition and expresses recommendations on the professional figures whose presence on the Board is deemed appropriate and conducts preliminary investigations in order to prepare and review any succession plans for executive directors which the Board of Directors should decide to adopt.

Vittorio Bertazzoni

Chairman

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Vittorio Bertazzoni
Chairman of the Remuneration and Nominations Committee
Member of the Committee for Sustainability and Social Responsibility

Director since April 19, 2017

Degree in Law from the University of Parma.

After graduation, he began his career at Arthur Andersen in audit, gaining international experience first in the USA, at the New York office, and later in Italy.

Subsequently, he worked with the Research Department of Mediobanca S.p.A.

He is currently Deputy Chairman and Chief Executive Officer of SMEG S.p.A., an Italian manufacturer of electrical household appliances.

He is also Deputy Chairman and Chief Executive Officer of ERFIN S.p.A.

Valentina Casella
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Valentina Casella
Member of the Remuneration and Nominations Committee

Director since July 29, 2021

She holds a degree in Law from the University of Milan, and is specialised in corporate law and business administration, with a Master of Laws from Columbia University and an M.B.A. from INSEAD.

She is a member of the Italian Bar Association since 2006 and of the New York State Bar Association since 2008.

From 2007 to 2012 she was an associate at Simpson Thacher & Bartlett LLP in New York.

She is a partner at Casella e Associati in Milan since 2014.

She is a Director of Banco di Desio e della Brianza S.p.A. and of Arnoldo Mondadori Editore S.p.A.

Chiara Palmieri
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Chiara Palmieri
Member of the Remuneration and Nomination Committee
Member of the Control and Risk Committee
Member of the Committee for Transactions with Related Parties

Director since April 19, 2017

She is the Sole Director of Tack SCF S.r.l., a company that provides Family Office services, and a member of the Board of Directors of various companies in Italy.

Previously, she worked as Chief Operating Officer of Laprima Holding S.r.l., Single Family Office, and in investment banks, in London and Milan (Morgan Stanley, Credit Suisse and Goldman Sachs). She graduated summa cum laude from Bocconi University, she is a Certified Public Accountant and obtained a CEMS Master from HEC-Paris University, after an exchange at the MBA program of the Stern School - New York University.

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