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01 July 2013

The Miroglio Group renews its governance

GIUSEPPE MIROGLIO TO BECOME THE EXECUTIVE CHAIRMAN.
DANIEL JOHN WINTELER CHOSEN AS THE NEW CHIEF EXECUTIVE OFFICER.
The Miroglio Group, a leading name in the textile and apparel industry founded in 1947 by Giuseppe Miroglio, has decided to launch a fundamental renewal of its governance.
In the course of the next Shareholders’ Meeting, to be held by the end of July, as part of a wider set of new appointments still being defined, the current Chief Executive Officer Giuseppe Miroglio, grandson of the founder - whose name he bears - will take office as Executive Chairman, in charge of strategies, and a new top manager, with international expertise and renown, will take over as Chief Executive Officer: Mr. Daniel John Winteler, who has left his current position as CEO of SAGAT, the company that manages the Turin airport. The office of Deputy Chairman will be assigned to Ms. Elena Miroglio, who has been a manager of the Group for some years; she will be tasked with supervising strategies and supporting the Group's offering, image and distribution.

The future Chief Executive Officer, Mr. Winteler – fifty years old, born in Pittsburgh, with a degree in Economics from Bocconi University and subsequent post-graduate work at the London Business School - has had a diversified career working for major multinational corporations, including Carlo Erba and Ciba Geigy, where he was also a member of the team that managed the merger between Ciba and Sandoz, which led to the establishment of Novartis. Since 2000 he has been a top manager in the Agnelli Group, first as General Manager and CEO of Ifil, then as Chairman and CEO of the Alpitour group.

The redefinition of the Miroglio Group’s top management, with the pre-eminent member of the shareholding family appointed to serve as Chairman and the selection of a manager with a proven international track record as Chief Executive Officer, completes the renewal and enhancement of the company's management, aimed at advancing its globalization and restoring its full profitability.