Astaldi has announced that a plan to reinforce the organizational model will be submitted for the approval of the upcoming Board of Directors meeting called for today 11 November.

Aimed at making the model respond more to the Group's increasing size at home and abroad, the plan calls for appointing a co-Chief Executive Officer, Mr. Filippo Stinellis, mainly to oversee business activities.

The Chief Executive Officer, Mr. Stefano Cerri, will thus be able to concentrate more on the Group's economic and financial management, and on strengthening its financial strucutre as well as on the valorisation of the assets under concession.

The size growth recorded in recent years, in which the company was transformed into a Construction-Concession Group, suggests strengthening the organizational model in the very way that will be submitted to the Board of Directors. More suitable for accompanying the Group's growth in the expected new programming cycle.

Mr. Filippo Stinellis, already appointed to the Astaldi Board of Directors in January 2015 and Coordinator of the Group's business activities since last March, has been with the Group since 1992, working successfully in the area of managing major-sized initiatives in Italy and abroad.