Governance

Mr. Vitaliano Paolo Federico Borromeo Arese Borromeo is an entrepeneur and manager with extensive experience in corporate governance, industry, and cultural development. He is Chairman of several companies operating in the manufacturing, real estate, and tourism sectors. Since 2014, he has served as Chairman of the Board of Directors of Flos S.p.A.. He also manages family holding and investment companies focused on innovation and sustainability.
He led the So.Ge.Par. Group until its integration into Outokumpu S.p.A., where he held the position of Senior Vice President EMEA.
Since 2011, he has promoted the Terre Borromeo brand, now an established European cultural hub welcoming over one million visitors per year. He is also involved in the development of sustainable tourism projects and strategic real estate investments in Milan.

Since 2009, Mr. Molteni has served as Chief Executive Officer and General Manager of the Company, founded in 1983, that manages artistic, cultural, and natural sites within the Borromean Islands archipelago and the Lake Maggiore area.
From 1998 to 2008, he was General Manager of the So.Ge.Par. Group S.p.A., a company engaged in the processing and marketing of stainless steel products. Previously, from 1986 to 1997, he worked as a Senior Manager at Deloitte & Touche in Milan and Paris, specialising in auditing, business valuations, due diligence, and international M&A transactions.
He graduated from Liceo Scientifico Leonardo da Vinci in Milan and holds a degree in Business Administration from Bocconi University.
He has been a Chartered Accountant (Dottore Commercialista) registered with the Milan Association since 1988 and is also a Statutory Auditor (Revisore Legale).
He has completed postgraduate courses in Corporate Tax Law and in Private Wealth Management at Bocconi University and SDA Bocconi School of Management, respectively.

Mr. Giberto Borromeo Arese Borromeo serves as Executive Vice President at the Company, where he is responsible for strategies relating to both organic growth and external expansion.
He has prior experience in Private Equity with Investindustrial in London, where he was involved in several acquisitions and add-on transactions for platform build-up investments.
He also gained experience in strategic consulting at LTP / OC&C Strategy Consultants, specialising in financial modelling and industrial optimisation projects. He is an active investor with a focus on industrial and venture capital opportunities.

Mr. Lodovico Borromeo Arese Borromeo holds an MSc in Management from Imperial College Business School and a BA in History from King’s College London.
He is an expert in financial analysis, cash flow modelling, due diligence, and investor reporting. He currently serves as Head of Real Estate at VigiloRe S.r.l., the Borromeo family office, where he is responsible for the enhancement of the family’s real estate portfolio and the development of office and hospitality projects.
Since 2023, he has served as a Director of Kaleon S.r.l., a company engaged in the management of historic and cultural attractions, with revenues exceeding Euro 21 million in 2024.
Previously, he worked at Kryalos SGR (Blackstone Office Team), overseeing approximately €2 billion in assets under management across development, leasing, and disposal strategies for office assets, and also gained experience at JLL and BauMont Real Estate Capital, focusing on real estate advisory and private equity investments.

Marina Munafò is a professional with extensive experience in corporate, real estate, and business management.
She served as Vice Chairwoman of the Board of Directors of Immobiliare Lavinia S.r.l. from 2002 to 2021. From 2009 to 2017, she held the positions of Chief Executive Officer and Director of Milano 1919 S.r.l., a company operating in the retail trade of luxury goods.
Since 2018, she has served as a Director of Kaleon S.r.l., a company active in the management of historic attractions with revenues exceeding €21 million in 2024. She has also been a Director of Delfino S.r.l. since 2019, a company engaged in real estate trading.
From 2017 to 2025, she has held the role of Chief Executive Officer of Aldebaran S.r.l., a holding company.
She has been a shareholder of Achernar S.r.l., Fioradina S.r.l., and, until 2021, Immobiliare Lavinia S.r.l., all companies with significant holdings in the real estate and asset management sectors.

Mr. Roberto Mazzotta holds a degree in Economics from Bocconi University (Università Commerciale Luigi Bocconi). He served as a Member of the Italian Parliament from 1972 to 1986, holding various governmental positions during his tenure.
He has led major financial institutions, serving as Chairman of Cariplo and of Banca Popolare di Milano, contributing significantly to the modernization of the Italian banking system. He has also served as Chairman of the Vita-Salute San Raffaele University, Chairman of Mediocredito Italiano, and Vice Chairman of the Giuseppe Toniolo Institute of Higher Studies.
An author and speaker on economic, social, and political issues, Mr. Mazzotta is actively engaged in promoting dialogue between business and culture. Recognized for his long-standing experience in the Italian banking and institutional sectors, he continues to take part in major civic and cultural initiatives at the national level.

After graduating with honors in Law from the University of Genoa, Mrs. Alessandra Perrazzelli obtained a Master of Laws from New York University Law School and became a lawyer at the New York State Bar. She then practiced law in New York, London, and Brussels, specializing in mergers and acquisitions, finance, banking law, and telecommunications. Returning to Italy after 23 years abroad, she worked for Olivetti and Intesa Sanpaolo and was Country Manager for Barclays in Italy, where she oversaw the restructuring and sale of retail branches. She joined the Bank of Italy through an external selection process and served as Deputy Director General and Italian member of the ECB’s Supervisory Board, with responsibility for banking and insurance supervision and technological innovation. Over the years, she has been a member of the board of directors of A2A, Monte Titoli, and ATM – Azienda Trasporti Milanese. Today, she sits on the Advisory Board of the Bruno Kessler Foundation and is a member of the board of directors of TIM. She also teaches as an adjunct professor at the Politecnico di Milano. A member of the Board of Directors of the Bambino Gesù Hospital in Rome, she recently took on the role of President of the Friends of the Poldi Pezzoli Museum Association.
Mrs. Alessandra Perrazzelli has received several awards and recognitions for her commitment to technological innovation and diversity and inclusion issues. She founded and chaired Valore D, an association of companies that promotes female talent, and received the Bellisario Award for her commitment in this area.

Mr. Luca Bertoli holds a degree in Economics and Business Law from Bocconi University (Università Commerciale Luigi Bocconi) in Milan, obtained in 2004. He is a Certified Public Accountant and Statutory Auditor, registered with the Association of Chartered Accountants and Accounting Experts of Milan and Lodi, and with the Register of Statutory Auditors (Ministerial Decree of 8 October 2008, published in the Gazzetta Ufficiale No. 85 of 31 October 2008). He is also listed among the Experts for the Negotiated Settlement of Business Crises at the Chamber of Commerce of Milan.
Since the beginning of his professional career, Mr. Bertoli has provided advisory services in corporate, financial, and tax matters to industrial, commercial, and financial companies, also assisting in the adoption of international accounting standards (IAS/IFRS). His professional activity focuses on extraordinary transactions, corporate restructurings, business valuations, and impairment tests. He has acted as expert witness in civil, criminal, and arbitration proceedings and has been involved in certification and analysis of business restructuring plans.
He currently serves as Statutory Auditor, Member of Boards of Directors, and Member of Supervisory Bodies pursuant to Legislative Decree 231/2001.
Mr. Bertoli is Adjunct Professor at Bocconi University, where he teaches Accounting and Financial Statement Analysis and Extraordinary Transactions, and has also taught Financial Analysis and Extraordinary Operations at the University of Pavia. He is the author of several publications on corporate finance, extraordinary transactions, and accounting, including Bilancio e operazioni straordinarie (Egea, 2024).

After a brief experience as an Auditor at a leading auditing firm, Mr. Rovetta began practising as a traditional Chartered Accountant, focusing on corporate taxation and company law. Over the years, he has developed extensive experience in advising Italian and international corporate groups, with particular expertise in extraordinary transactions and corporate reorganisations, addressing their civil, economic, and tax implications.
In this context, he has gained in-depth knowledge of tax law and has held numerous positions on the boards of statutory auditors and control bodies of leading companies, including those listed on regulated markets. He is fluent in both spoken and written English.
He currently practises as a Partner at Studio Rovetta Zanello e Associati, a professional firm based in central Milan with a staff of approximately twenty people, providing specialised expertise across different areas of taxation and tax law.

Mr. Bracchetti holds a degree in Business Administration, with a specialisation in the Liberal Profession, obtained from Bocconi University (Università Commerciale Luigi Bocconi) in Milan in 1989. From September 1990 to September 1992, he gained professional experience at Bear Stearns & Co. Inc. in New York, working in the fields of Equity and Commodity Research and Investment Banking.
He has been registered in the official Register of Statutory Auditors since 1995 (Ministerial Decree of 12 April 1995, published in the Gazzetta Ufficiale No. 31 bis of 21 April 1995).
Since 1993, he has been practising as a Certified Public Accountant (Dottore Commercialista), primarily dealing with national and international tax matters, corporate and contractual issues. He has developed extensive experience in business valuations, extraordinary transactions, corporate restructurings, and tax litigation.
He is currently a Partner at Studio Associato Bracchetti D’Ignazio (an ACB Member firm) and holds several positions as Statutory Auditor, Independent Auditor, and Member of Boards of Directors.

Laura Acquadro is a member of the Association of Chartered Accountants and Accounting Experts of Milan (Ordine dei Dottori Commercialisti e degli Esperti Contabili di Milano), registration No. 3757.
She has been registered in the Official Register of Statutory Auditors (Registro dei Revisori Contabili) pursuant to Ministerial Decree published in the Gazzetta Ufficiale No. 87 of 2 November 1999.
She is also registered as a Court Expert (Consulente Tecnico d’Ufficio) with the Court of Milan, registration No. 9680.
Laura Acquadro is a Partner at Studio Acquadro e Associati in Milan, where she mainly provides corporate and tax advisory services to medium and large-sized groups operating in the industrial, real estate, financial, and services sectors. She also prepares sworn appraisal reports and business or asset valuations and provides advice in connection with extraordinary transactions and corporate reorganisations.
She currently holds positions as Statutory Auditor and Director in several companies and Foundations.

Anna Carini holds a master’s degree in economics and business law, with a professional specialisation, obtained in 2016 from the Università Cattolica del Sacro Cuore in Milan.
In January 2019, she qualified to practise as a Chartered Accountant (Dottore Commercialista), having passed the State Examination at the Università Cattolica del Sacro Cuore in Milan.
She currently practises as a Chartered Accountant at Studio Rovetta Zanello e Associati, a professional firm providing tax and corporate advisory services to Italian and foreign companies operating in the industrial, financial, real estate, and services sectors. Through this experience, she has developed expertise across various areas of tax and corporate consultancy.