During the meeting of the Board of Directors, Alberto Bartoli resigned from his position as Chief Executive Officer and board member of Sabaf. The resignation is effective starting from the date of the shareholders’ meeting for the approval of the 2016 financial statements, scheduled for April 27th, 2017. Alberto Bartoli motivated his resignation with strictly personal reasons. As reported by the company, the Board of Directors takes note of the decision of Bartoli with regret, albeit respecting his personal reasons, and confirms the confidence placed in him for the period in which he will remain in office. The Board expresses Bartoli its sincere thanks for his commitment and passion for Sabaf, which he lead through an important process of growth in more than 20 years of collaboration and it wishes him a future full of personal and professional satisfaction. The Board of Directors entrusted the Remuneration and Nomination Committee with the task of outlining the professional profile fit for holding the position of Chief Executive Officer to continue the strategy, aimed at pursuing a long-term sustainable growth in the segment of gas cooking components and in related segments. The development plans already outlined and the defined objectives remain unchanged. “I would like to thank the Saleri family, with Mario Mazzoleni and Flavio Gnecchi, directors of the controlling shareholder Giuseppe Saleri S.a.p.A., who gave me the opportunity to lead a company as extraordinary as Sabaf for five years – said Bartoli -. Thanks to the members of the Board who supported me and to all those with whom I worked and shared successes and difficult moments. Special thanks to the CFO, Gianluca Beschi, for his fraternal support during the years of our collaboration. I am convinced that Sabaf has the expertise and potential to achieve the challenging objectives that were outlined”.