TESMEC S.P.A.: APPOINTMENT OF THE MANAGER RESPONSIBLE FOR THE PREPARATION OF THE COMPANY’S FINANCIAL REPORTS

Grassobbio (Bergamo – Italy), 10th  January 2020 – The Board of Directors of Tesmec S.p.A. (“Tesmec” or the “Company“), met today and, with immediate effect, after obtaining the favorable opinion of the Board of Statutory Auditors and in compliance with the requirements of integrity and professionalism expected by current legislation and by the Articles of Association, appointed Mr. Marco Paredi – already Investor Relations Manager – also as Tesmec “Manager responsible for the preparation of the Company’s Financial Reports” pursuant to art. 154-bis of Legislative Decree 58/1998.

Mr. Marco Paredi, after obtaining the Bachelor’s Degree in “Administration, Accounting and Auditing” at the University of Bergamo in 2004, obtained the Master’s Degree in “Business Economics and Business Management ” with honors at the same University in 2006. During his professional experience, he held accounting and commercial functions in different Companies belonging to important Italian industrial groups. In April 2015, he joined the Tesmec Group as Group Controller, from  August 2018, in addition to this position, he also assumed the role of Investor Relations, contributing to the expansion of the knowledge and strategic visions of the Business and the Market, with particular regard to the Trencher division.

The curriculum vitae of Mr. Marco Paredi who, based on the information available, does not directly and / or indirectly hold Tesmec shares, can be found on the Company’s website at the address https://investor.tesmec.com/Governance/ManagementTeam.aspx?lang=en-GB.

Mr. Marco Paredi succeeds in this role to Mr.  Dr. Gianluca Casiraghi, – who resigned as “Manager responsible for the preparation of the Company’s Financial Reports”, and as Chief Financial Officer, effective from March 1 2020, in order to meet new professional challenges and for personal opportunities.

Mr. Gianluca Casiraghi does not directly and / or indirectly hold Tesmec shares.

The Company would like to thank Mr. Gianluca Casiraghi for the professionalism and dedication during the collaboration with the Tesmec Group.

Tesmec Group

Tesmec Group is leader in designing, manufacturing and selling of systems, technologies and integrated solutions for the construction, maintenance and efficiency of infrastructures related to the transport and distribution of energy, data and material. In details, the Group is active in the following sectors: 1) transmission and distribution power lines (stringing equipment for the installation of conductors and the underground cable laying, electronic devices and sensors for the management, monitoring and energy automation); 2) underground civil infrastructures (high powered tracked trenchers for linear excavation of oil, gas and water pipelines, telecommunication networks and drainage operations; surface miners for bulk excavation, quarries and site preparation; specialized digging services); 3) railway lines (railway equipment for the installation and maintenance of the catenary and for special applications, e.g. snow removal from track; new generation power unit). The Group, established in 1951 and led by Chairman & CEO Ambrogio Caccia Dominioni, relies on more than 850 employees and has the production plants in Italy – in Grassobbio (Bergamo), Endine Gaiano (Bergamo), Sirone (Lecco), Monopoli (Bari), in the USA, in Alvarado (Texas) and in France, in Durtal, as well as three research and development units respectively in Fidenza (Parma), Padua and Patrica (FS). The Group also has a global commercial presence through foreign subsidiaries and sales offices in USA, South & West Africa, Australia, New Zealand, Russia, Qatar, China and France. The know-how achieved in the development of specific technologies and solutions, and the presence of engineering teams and highly skilled technicians, allow Tesmec to directly manage the entire production chain: from the design, production and sale of machinery, to all pre-sales and post-sales. All product lines are developed in accordance with the ISEQ (Innovation, Safety, Efficiency and Quality) philosophy, with environmental sustainability and energy conservation in mind.

Tesmec S.p.A.

Marco Paredi
Investor Relations Manager
Tel: +39 035 4232840 – Fax: +39 035 3844606
E-mail: ir@tesmec.com.it

Image Building – Media Relations

Alfredo Mele, Alessandro Beretta,
Carlo Musa
Tel: +39 02 89011300
E-mail: tesmec@imagebuilding.it

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