lm holding communicated the intention of Marco Corradino to not stand for re-election as lastminute.com N.V. Executive Board Member for the next 2021 mandate. The lm Group CEO Marco Corradino informed the Company's Board of Directors about his decision to step down from the role of Executive Director of lm holding and CEO of lm group. Such a decision derives from personal reasons and it will be effective after the lm holding Annual General Meeting (the "AGM"), to be held on the 22 June 2021. Andrea Bertoli, currently the Managing Director of the OTA business, has been appointed as Deputy CEO and will work next to Marco Corradino in order to manage the transition over the period.