Furthermore, the Board of Directors’ members, given the centrality and the relevance of the pending legal and technical/accounting matters, considered in the best interest of the Company that Juventus provided itself with a new Board of Directors to address these matters.
For this purpose, upon proposal of the Chairman Andrea Agnelli and in order to allow the decision on the renewal of the Board to be submitted to the Shareholders' Meeting as soon as possible, all the members of the Board of Directors present at the meeting declared to forego their office.
For the same reasons, each of the three directors with powers (the Chairman of the Board of Directors Andrea Agnelli, the Vice Chairman Pavel Nedved and the Chief Executive Officer Maurizio Arrivabene) has considered appropriate to forego the powers granted to them. The Board of Directors has, however, asked Maurizio Arrivabene to maintain the position of CEO.
As a result of the foregoing, the majority of the Directors in office has ceased and, therefore, in accordance with the applicable laws and the By-laws, the Board of Directors must be deemed as ceased. The Board of Directors will continue its activities under a prorogatio regime until the Shareholders’ Meeting that has been convened for 18 January 2023 to appoint the new Board of Directors (except for Director Daniela Marilungo, who has resigned by means of a separate statement; see below for further information)1.
Juventus will continue to collaborate and cooperate with the supervisory and industry Authorities, without prejudice to the defense of its rights in relation to the challenges raised against the Company’s financial statements and press releases by Consob and the Public Prosecutor’s Office.