Juventus' board of directors announced their resignation from the club on Monday night, November 28, forcing the club to restructure ahead of the resumption of Serie A in December 2022.
According to a statement issued by the club on Tuesday morning, November 29, it was noted that each of the three directors considered foregoing the powers granted to them.
The three include the Chairman of the Board of Directors, Andrea Agnelli, Vice Chairman Pavel Nedved and the Chief Executive Officer, Maurizio Arrivabene.
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However, the board of directors asked Maurizio Arrivabene to continue working as the CEO.
According to the Board of Directors members, the decision to leave the club was due to pending legal and accounting matters.
"Furthermore, the Board of Directors members, given the centrality and relevance of the pending legal and technical/accounting matters, considered it in the Company's best interest that Juventus provided itself with a new Board of Directors to address these matters.
“As a result of the foregoing, most Directors in office have ceased and, therefore, by the applicable laws and the By-laws, the Board of Directors must be deemed ceased.
“The Board of Directors will continue its activities under a prorogation regime until the Shareholders’ Meeting that has been convened for January 18, 2023, to appoint the new Board of Directors (except for Director Daniela Marilungo, who has resigned by means of a separate statement,” part of the statement read.
Before the board was dissolved, it appointed Maurizio Scanavino as General Manager (“Direttore Generale”).
The proposal for the entire board to resign came from Chairman Andrea Agnelli.
Daniela Marilungo, who resigned on a separate ground from the rest, was holding the position of non-executive and independent director of the Company and a member of the “Control and Risk Committee” and the “ESG Committee” of Juventus.
According to the club's statement, Marilungo justified her resignation by stating the impossibility of her performing her work with due serenity and independence.
Based on the communications made to the Company and the public, neither Marilungo nor the other directors hold Juventus shares, except Andrea Agnelli, who holds 96,711 Juventus shares at the date hereof,” the statement read.
In place of Marilungo, Director Giorgio Tacchia was appointed as a "Control and Risk Committee" member.
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