(Alliance News) - Shareholders of ERG Spa, meeting Tuesday to approve the financial statements, also appointed the members of the board of directors.

Joining the board are Edoardo Garrone, Alessandro Garrone, Giovanni Mondini, Paolo Luigi Merli, Luca Bettonte, Elisabetta Caldera, Federica Lolli, Marina Natale, Elisabetta Oliveri, Renato Pizzolla, Barbara Poggiali, and Daniela Toscani.

The shareholders then confirmed Edoardo Garrone as chairman of the company while the board, meeting after the meeting, chose Alessandro Garrone as vice chairman and director in charge of the internal control and risk management system. Giovanni Mondini was confirmed in the role of vice chairman while the CEO will be Paolo Luigi Merli.

The shareholders' meeting then authorized the board of directors to purchase a maximum of 15.0 million ordinary shares of ERG.

ERG's stock closed Tuesday up 1.3 percent at EUR24.34 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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