GRAND DUCHY OF LUXEMBOURG – IVS Group informs that Mr. Paolo Caporali and Mr. Maurizio Traglio, members of the board of directors with the status of non- independent directors, communicated their resignation. IVS Group thanks Paolo Caporali and Maurizio Traglio for the valuable contribution during their entire period of stay on the company’s board.
The board decided then to co-opt two new directors, in the persons of Mr. Antonio Baravalle, Lavazza CEO, and Mr. Enrico Cavatorta, Chief Financial & Corporate Officer at Lavazza, qualified as non-independent directors, that will be in charge until the next shareholders General Meeting.
On September, Lavazza received the go-ahead from Consob, the Italian stock market authority, for launching its public offer on Milan-listed vending machines firm Ivs Group ahead of taking the firm private.
About IVS Group
IVS Group S.A. is the Italian leader and the second player in Europe in the business of automatic and semi-automatic vending machines for the supply of hot and cold drinks and snacks (vending).
The vending business is mainly carried out in Italy (around 81% of total sales), France, Germany, Poland, Portugal, Spain and Switzerland, with around 280,100 vending machines, a network of 125 branches and around 4,300 employees. IVS Group served more than 15,000 corporate clients and public entities, with more than 990 million vends in 2023.
