BOARDS OF DIRECTORS OF FIERA DI VICENZA AND RIMINI FIERA APPROVE START OF MERGER OF THE TWO COMPANIES
The next step in the merger process will be to appoint the expert responsible for evaluating the organisations.
The name of the new business that will result from the merger is still classified.
The agreement between the two organisations include the confirmation of Lorenzo Cagnoni as President and CEO, and two members selected by Fiera di Vicenza will have seats on the board. One of these will be Matteo Marzotto, who will take the position of Vice President.
“Today’s step is particularly important because the salient points of the agreement have been defined, opening the way for the first example of integration in the Italian trade fair system,” said Mr. Cagnoni, President of Rimini Fiera.
“I am particularly pleased with this result,” said Mr. Marzotto President of Fiera di Vicenza, “which has been achieved through enormous team work, marking the start of a merger process between two great players in the industry. This operation will change the paradigm in the Italian trade fair system, capitalising on an industrial project with great leverage.”