Infrastructure group Atlantia will appoint an executive committee to replace lon...
FILE PHOTO: Autostrade per l'Italia Chief Executive Giovanni Castellucci gestures during a news conference about the collapsed Morandi Bridge in Genoa, Italy August 18, 2018. REUTERS/Massimo Pinca/File Photo
MILAN - Infrastructure group Atlantia will appoint an executive committee to replace long-serving Chief Executive Giovanni Castellucci who is expected to resign later on Tuesday, two sources with knowledge of the matter said. Castellucci is expected to hand in his resignation at a board meeting scheduled at 1230 GMT after the Benetton family, which is the group’s top shareholder, pulled its support for the manager following the escalation of a probe.
Gianni Mion, a veteran manager who is the right-hand man of the Benettons, could become an executive director at the infrastructure group to steady the company, the sources said.Reporting by Francesca Landini, Elisa Anzolin, Stephen Jewkes
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