Luigi de Puppi will leave his position as managing director of Benetton Group

Ponzano, 6th March 2003. Luigi De Puppi, Managing Director of Benetton Group, has announced the decision to leave his position in the company as of the next Annual Shareholders’ Meeting.

The decision was made following the successful conclusion of his mandate, as agreed with the principal shareholders of Benetton Group.

The restructuring process of the sports equipment sector and the programme for the sale of the relative businesses, have infact been completed. Nordica has been sold to the Tecnica Group, a binding preliminary agreement has been reached regarding Rollerblade and negotiations are underway which indicate the divestiture of Prince in the near future.

Benetton Group and its Chairman Luciano Benetton would like to express their most sincere thanks to Mr. De Puppi for his contribution and the important objectives reached.


For further information:

+39 0422 519036