Giovedì, 20 Settembre 2018
MILAN

President of RCS shareholders' board resigns

English
© ANSA

Milan, May 17 - Giampiero Pesenti announced Friday
that he will be resigning as president of the controlling
shareholder pact of the financially troubled publisher RCS
Mediagroup.
Pesenti suggested he was not longer up for the "assignment
that requires, especially in this phase, continued focus and
consistent effort".
He said he will remain on the board of RCS.
Pesenti had recently pulled back from other
responsibilities, including his directorships on such boards as
Mittel Private Equity SpA.
RCS controls Italy's largest newspaper of record, Il
Corriere della Sera, among other assets.
RCS presented in April a three-year turnaround plan, which
includes a 400-million-euro capital increase and the goal of
selling off 250 million euros' worth of non-core assets by the
end of 2014.

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