On 15 November  2016, at meeting of Board of Directors  of Il Sole  24 ORE S.p.A., chaired by Giorgio Fossa, co-opted  as director Franco  Moscetti, effective as  from 15 November  2016, replacing  the non-independent, non-executive director Francesca Di Girolamo, who resigned on 14 November 2016. Franco Moscetti was also appointed Chief Executive Officer and was granted all the appropriate powers.