(Alliance News) - The board of directors of EdiliziAcrobatica Spa on Wednesday appointed Riccardo Banfo as a new director with some management powers and chairman of the board of directors until the next shareholders' meeting.

Banfo, a longtime group CFO, "is well acquainted with its internal dynamics," the company specified in a statement.

Anna Marras, chief executive officer of Acrobatica, commented, "In recent years I have had the opportunity to appreciate the great qualities, human and professional, of Riccardo Banfo who, in his role as CFO, has worked daily for the growth and development of our group. The decision to appoint him as chairman of the Board of Directors is not only a recognition of his professionalism and expertise, but is in full continuity with Acrobatica's past toward a future on which we are working hard. On this occasion I would also like to personally thank Simonetta Simoni, who has left the position of BoD chairman in safe hands."

EdiliziAcrobatica closed Wednesday in the green by 0.9 percent to EUR11.65 per share.

By Chiara Bruschi, Alliance News reporter

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