(Alliance News) - Acquazzurra Spa announced Monday that the board has confirmed the chairman, Giancarlo Riva, in the role of CEO.

Riva said, "I am honored to be able to lead the company in the next three years as well, and I would therefore like to thank the board members for the trust placed in me. I am certain that thanks to the extraordinary capabilities of our team we will be able to pursue the growth strategy and achieve the goals we have set for ourselves, being able to count on a solid corporate structure and on the positive evolution of the projects and initiatives launched in the recent past, which will provide a solid base for our path to success."

Acquazzurra's stock is unchanged at EUR9.90 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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