Carlo Ranucci will ensure a smooth transition of his functions in the best interest of the company. The Advisory Board has appointed Giovanni Canetta as new Managing Director and CEO of the Treofan Group; Giovanni Canetta has been closely working with Carlo Ranucci in the past two years as representative of Management & Capitali SpA, one of Treofan's major shareholders.
"We thank Carlo for the excellent work performed during the past years", said Stefan Pfander, Chairman of the Advisory Board.
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