The Board of Directors is the central body of the corporate governance system adopted by Luigi Lavazza S.p.A.

It exerts with the broadest powers for the management of the company and the strategic direction of the Lavazza Group, to which the company reports. In addition to the powers granted to it pursuant to the law and the articles of association, the Board of Directors also has exclusive authority regarding the most important decisions, from an economic and strategic perspective.

For the three-year period 2023-2025, the Board of Directors consists of thirteen members: the Chief Executive Officer, an Executive Director, six non-executive directors belonging to the Lavazza Family, and five independent, non-executive directors.

The Board of Directors is led by the company’s Chairman Giuseppe Lavazza, flanked by Honorary Chairman Alberto Lavazza, Vice Chairman Marco Lavazza and Chief Executive Officer Antonio Baravalle.

The Board of Auditors has the task of overseeing compliance with the law and the articles of the association, observance of the principles of sound administration and, within its sphere of competence, the adequacy of the internal quality control system, the organisational, administrative and accounting structure, and its effective operation.

The members of the Board of Auditors for the three-year period 2022-2024, appointed by the Shareholders’ Meeting on 28 April 2022, are as follows:

·      Gianluca Ferrero – President

·      Alessandro Forte – Statutory auditor

·      Angelo Gilardi – Statutory auditor

·      Maurizio Giorgi – Alternate auditor

·      Nicoletta Paracchini – Alternate auditor

The statutory audit of the accounts for the financial years 2022-2023-2024 was entrusted to auditing company Ernst & Young S.p.A., at the Shareholders’ Meeting on 28 April 2022.

The auditing company was appointed in accordance with the articles of the Shareholders’ Meeting, as suggested by the Board of Auditors, and it carries out its duties independently and autonomously.