CEO of De’Longhi, Massimo Garavaglia,

CEO of De’Longhi, Massimo Garavaglia, leaves his position “for personal reasons”The resignation will be effective from 31 August next and the company has started the procedures for the succession. “In any case”, the press release points out, “the chairman Giuseppe De’Longhi holds the same powers of ordinary and extraordinary administration that are vested in the chief executive officer, the same powers of the vice chairman Fabio De’Longhi in case of absence or impossibility of the chief executive officer “.