Merger completed
Stefano Parisi is the new CEO of the Company
Milan, December 1st 2004 - The last step of the merger of FastWeb into e.Biscom (Milan, Nuovo Mercato: EBI) was completed today. A Shareholders' Meeting was held today under the Chairmanship of Silvio Scaglia in order to approve the change in name of the Company.
The Company will be called FASTWEB, a further confirmation of the brand awareness created around the name with which it has offered its broadband services since 2000. The Company has also adopted a new logo.
The change in name represents the last step of the merger between the holding company, e.Biscom, and its subsidiary, FastWeb, which was approved by its respective Boards of Directors on April 30th 2004.
The Shareholders' Meeting also proceeded to:
- appoint Stefano Parisi, formerly CEO of FastWeb and General Manager of e.Biscom, as Board Member of the Company. Over and above Stefano Parisi, the Members of the Board are Silvio Scaglia (Chairman), Carlo Micheli (Vice Chairman), Mario Greco, Gianfelice Rocca and Carlo Secchi (Independent Non-Executive Directors);
- modify the By-Laws of the Company in order to allow the creation of Advisory Committees.
The Board of Directors of FASTWEB convened at the end of the Shareholders' Meeting in order to appoint Stefano Parisi as CEO.
Furthermore, the Board constituted a Comitato Direttivo (Management Committee) which is made up of the CEO and a group of managers who are not on the Board of Directors. The role of the Committee is to discuss the most strategic management decisions for the future development of the Company and to propose them to the Board.
The name with which the Company is listed on the Nuovo Mercato of the Milan Stock Exchange, and the relative symbol, will be changed to FASTWEB. As soon as the change in name with which the Company is listed is officially approved, following the registration in the Register of Companies (Registro delle Imprese), an official release will be circulated to the Market and to the press.