The king is dead. Long live the king.
Last night, Juventus fans received the shocking news of the resignation of the board of directors, including its president Andrea Agnelli and vice president Pavel Nedved.
With the club coming under increasing scrutiny due to financial investigations related to alleged balance sheet irregularities, the chairman and the rest of the board decided to vacate their positions, stating that it is in the interest of the club.
However, it didn’t take long for the owners to appoint a new chairman of the board, suggesting the change was already in the works.
Exor (the holding company that owns the majority of the club’s shares) has announced the appointment of Gianluca Ferrero as the new president of Juventus, while the rest of the vacant positions on the board will be filled shortly.
“With reference to the decisions made yesterday by the Juventus FC Board of Directors and in advance of its Shareholders’ Meeting called for January 18, 2023, Exor announces that it will appoint Gianluca Ferrero to the position of President of Juventus”, read in the released statement. on the official EXOR website.
“As a corporate advisor, auditor, member of the Board and committee of several companies, Mr. Ferrero has a wealth of experience and the required technical skills, as well as a genuine passion for the bianconero club, which makes him the most qualified person to fulfill this role
“Exor will publish the complete list of its candidates for the renewed Board of Directors within the period required by law.”
According to his bio (attached to the statement), the new president is an audit expert who has held high-profile corporate positions.
“Born in Turin in 1963, he graduated in Economics in 1988. He has been a member of the Turin Ordine dei Dottori Commercialisti e degli Esperti Contabili since 1989 and a member of the Registro dei Revisori Legali since 1995.
“He is also a Consultant to the Judge of the same Court. He is Chairman of the Board of Auditors of Fincantieri SpA, Luigi Lavazza SpA, Biotronik, Italy SpA, Praxi Intellectual Property SpA, P. Fiduciaria Srl, Emilio Lavazza Sapa, Gedi Group and Editoriale SpA. Nuo SpA and Lifenet Srl
“He works as Permanent Auditor at Fenera Holding SpA.
“He is Vice Chairman of the Board of Directors of Banca del Piemonte and member of the Board of Directors of Italia Independent Group SpA and Pygar Srl”
