(Alliance News) - Fenix Entertainment Spa announced Thursday that Filippo Cipriano is no longer general manager of the company following a decision made "by mutual agreement" between the two parties.

Paolo Grippo also resigned to take a new career path as CFO and Investor Relator effective Dec. 31, 2022.

In his place, Mirko Maria Storelli was appointed as Investor Relator.

As previously announced in the November 4, 2022 announcement, the company is continuing with all measures aimed at reorganizing the editorial and production structure and reworking the 2023-2024 investment plan.

Fenix Entertainment on Thursday closed in the green by 2.5 percent at EUR2.50 per share.

By Chiara Bruschi, Alliance News reporter

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