MTS appoints new management board

Source: MTS

MTS S.p.A. is pleased to announce that the Company's Supervisory Board has appointed a new Management Board with immediate effect.

The selection of the Management Board follows the election of the new Supervisory Board by the Company's shareholders following the purchase of a majority interest in MTS's equity by MBE Holding, the joint venture company owned by Euronext (51%) and Borsa Italiana (49%).

The Management Board, which is responsible for operating the Company, will comprise the following members who have been elected for a one year term: Gianluca Garbi, Chairman (MTS); Luca Bagato (Consultant); Christophe Bourdillon (Euronext); Gianluca Cugno (Banca IMI); Francesco Margini (MTS); Philippe Rakotovao (MTS) and Stephen Wolff (Deutsche Bank).

MBE Holding, the joint venture between Euronext and Borsa Italiana, acquired a 60.37% interest in MTS’s share capital in January 2006. The remaining shares are owned by 27 international banking groups.

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