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06 October 2016

NEW ORGANIZATIONAL SETUP FOR THE MIROGLIO GROUP

HANS HOEGSTEDT NEW CEO OF MIROGLIO FASHION. BROADENING OF RESPONSIBILITIES FOR ANDREA FERRERO, MIROGLIO TEXTILE CEO

New organizational setup for the Miroglio Group (textiles-apparel). The aim is to make the Miroglio Fashion and Miroglio Textile operating companies increasingly independent and focused on the running of their respective businesses, implementing the strategies which will be agreed on by their respective Boards of Directors.

Hans Hoegstedt has been appointed Chief Executive Officer and General Manager of Miroglio Fashion, reporting directly to Miroglio Fashion’s Board. Mr. Hoegstedt is a manager of proven international experience in consumer companies such as The Coca-Cola Company, FCA (formerly Fiat Auto) and Timex, holding important executive roles in marketing, sales and general management. Over the last 10 years he had been a leading light in one of the most important Italian industrial corporations, the Prysmian Group, where he held the role of Ceo for Italy, Switzerland and Turkey.

Andrea Ferrero has been confirmed at the helm of Miroglio Textile, while also taking up the position of Chief Executive Officer at Miroglio S.p.A., previously held by Daniel John Winteler. On the strength of his thirty years of experience in the Miroglio Group, Ferrero will contribute on the Board of Directors to the management and coordination of the Group’s associated operating companies.