Parmalat Investors Name Board Candidates
March 11 2011 - 2:10PM
Dow Jones News
Parmalat SpA (PLT.MI)investors named nine new candidates for the
Italian food company's board of directors and said European
Investment Bank board member Rainer Masera will probably be
proposed for the position of chairman. In a statement Friday, the
investors also said Massimo Rossi, a former Chief Executive of
Swedish Match AB, is expected to be proposed as vice chairman and
interim chief executive.
The group of long-term investors includes Scandinavian mutual
fund company Skagen AS, Toronto-based mutual fund Mackenzie
Financial Corp. and Swedish Zenit Asset Management AB.
Massimo Rossi has previously been seen as succeeding Enrico
Bondi as chief executive, but the investors said that the option of
the appointment of another CEO will be considered by the future
Parmalat board members.
Other candidates include Turin-native Enrico Salza, currently a
member of Italy's RCS Mediagroup's (RCS.MI) board of directors, and
Peter Harf, who is chairman of Anheuser-Busch InBev (BUD), the
world's largest brewing company.
The board will be voted on at Parmalat's April 12 shareholders
meeting.
-By Sofia Celeste, Dow Jones Newswires; +39 0669766923;
sofia.celeste@dowjones.com
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