FastWeb Appoints New CEO

e.Biscom announces that Stefano Parisi has been appointed CEO of FastWeb

August 31, 2004

1 Min Read

MILAN -- From October Stefano Parisi will be the new CEO of FastWeb. He will also take on the role of e.Biscom’s General Director. Once the merger process for the incorporation of FastWeb into e.Biscom is completed, Stefano Parisi will be put forward to e.Biscom’s shareholders’ board as the new Board Director to take the position of the Group’s CEO.

The arrival of Stefano Parisi at the top-level of FastWeb’s management team represents a significant step forward to a definitive frame of Corporate Governance within the Group that forsees a clear distinction between the duties of address and control on one side, and execution on the other.

Silvio Scaglia, founder and majority company shareholder will remain as President to concentrate, after the hand-over, on defining strategy, technological development and product, as well as the engagements of the Board of Directors.

The competence and experience of Stefano Parisi, accrued through years of holding high level positions in both the public and private sectors will guarantee a new period of development for the Group. In this phase the new CEO will work with those competent persons already present, protagonists of targets already achieved, whilst injecting further cohesion and energy into the management team.

FastWeb SpA

e.Biscom SpA

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