Source: Brembo announcement

STEZZANO, Italy — In its ordinary session, the Shareholders’ Meeting appointed Roberto Vavassori as member of Brembo S.p.A.’s Board of Directors. His candidature had been submitted by the majority shareholder Nuova Fourb S.r.l., which holds 178,739,605 shares equal to 53.527 percent of share capital, with 357,463,370 exercisable voting rights, equal to 69.688 percent of outstanding voting rights.

The Director’s resume, as well as the additional documentation required by current applicable laws and regulations are available by clicking HERE.

In light of the statements received pursuant to Article IA.2.6.7 of the Instructions on the Rules of Markets organized and managed by Borsa Italiana S.p.A., R. Vavassori holds 9,370 company shares as at the date of his appointment.

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The General Shareholders’ Meeting then appointed Matteo Tiraboschi as Chairman of the Board of Directors and Alberto Bombassei as Chairman Emeritus of Brembo S.p.A.

Having acknowledged the new corporate governance structure and the amendments to the By-laws, the Board of Directors, which met at the end of the Shareholders’ Meeting, granted all the necessary powers to the newly appointed positions and set up the Strategic Steering Committee, also approving the related Regulation.

At the same meeting, the Board of Directors approved the new Brembo Corporate Governance Code, which complies with the recommendations introduced by the 2020 edition of the Corporate Governance Code.

The Board of Directors also approved the Brembo Shareholders’ Engagement Policy, which, in compliance with the and modalities for dialogue between Brembo and its existing and prospective shareholders.