(Alliance News) - doValue Spa announced Friday that it has appointed a new board of directors, which will be chaired by Alessandro Rivera.

Joining him on the board will be Manuela Franchi, Elena Lieskovska, Constantine Michael Dean Dakolias, Francesco Colasanti, James Corcoran, Fotini Ioannou, Camilla Cionini Visani, Cristina Alba Ochoa, Isabella De Michelis Di Slonghello and Giuseppe Pisani.

The board of directors, which met after the shareholders' meeting, appointed Manuela Franchi as the company's chief executive officer and confirmed Davide Soffietti as the manager in charge of drafting corporate accounting documents.

Finally, shareholders also authorized the board of directors to repurchase up to a maximum of 8.0 million of its own ordinary shares, equivalent to 10 percent of its share capital.

DoValue's stock closed Friday up 4.4 percent at EUR1.98 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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