(Alliance News) - Immsi Spa announced Tuesday that the board has appointed Matteo Colaninno as the company's executive chairman.

The board also confirmed Michele Colaninno in the role of chief executive officer.

Daniele Discepolo was chosen as lead independent director while Rosanna Ricci, as chairman, Patrizia De Pasquale and Daniele Discepolo will be the members of the Related Party Transactions committee. The Appointments and Remuneration Committee, on the other hand, includes Discepolo as chairman, Rosanna Ricci and Giovanni Barbara.

Discepolo was also chosen as chairman of the Audit, Risk and Sustainability Committee, in which he will be assisted by Anna Lucia Muserra and Giovanni Barbara.

Finally, the board decided to kick off the EUR10.0 million share buyback plan approved by shareholders at the end of April.

Immsi's stock closed Tuesday at a par at EUR0.56 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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