The board of directors of Italeaf, holding company and first Italian company builder active in cleantech and smart innovation sectors, listed on on NASDAQ OMX First North, has taken note of the decision of the Chairman and Chief Executive Officer Stefano Neri to refer its powers back to the Board, in view of the greater commitments undertaken in the subsidiary TerniEnergia SpA.

The responsibilities of the overall governance of the Company and the Group with powers of ordinary administration, with the attribution of corporate signature and legal representation, remain with the Chief Executive Officer Monica Federici.