(ANSA) – TURIN, MAY 24 – The board of directors of Exor, the holding company of the Agnelli group, has decided to separate the roles of chairman and chief executive officer. Ajay Banga has been appointed as chairman and senior non-executive director of the board with immediate effect, while John Elkann will continue to lead the company’s operations in his role as chief executive officer.
Banga, who has served as president and CEO of Mastercard for more than 10 years, has been on the board of Exor since May 2021 and chaired the ESG Committee. He is known to be one of the world’s most experienced business leaders, with particular expertise in data, technology, financial services and consumer goods.
“As a member of the board of directors, Ajay shares our goal, which is to build great companies. With his additional responsibility as president, he will make Exor stronger, thanks to his experience and judgment. This appointment will enable also to align the governance of Exor with that of our companies, while allowing us to focus on the next phase of our development “comments Elkann. “Our world is rapidly changing on so many fronts, and John and his team at Exor continue to transform society by looking to the future. It is a great time to be a part of this journey of Exor – I am delighted to have the opportunity to work closely with John and the other board members, “Ajay Banga points out. (HANDLE).
Source: Ansa
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