(Alliance News) - CY4Gate Spa has announced that it has received the resignation -- effective immediately -- of Enrico Peruzzi, who is leaving due to unforeseen work commitments.

The company has appointed Alessandro Chimenton as a new nonindependent, nonexecutive member of the board of directors.

CY4Gate's stock is down 0.7 percent at EUR8.20 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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