Press Releases
Paolo Cuccia appointed to Bulgari’s Board of Directors
The appointment replaces Mr. Vito Varvaro, formerly non-executive and independent member of the Board of Directors, who resigned for professional incompatibility with effect from January 15th. The Board warmly thanked Mr. Varvaro for his precious contribution.
As of the date of his resignation, Mr. Varvaro did not hold any shares in Bulgari S.p.A.
Mr. Cuccia will also sit on the Internal Audit Committee and on the Remuneration Committee to replace Mr. Varvaro.
Paolo Cuccia is Corporate Executive Vice President of ABN AMRO and holds prestigious positions both in the institutional sector, as President of EUR S.p.A., and in the graduate educational sector as President of the Advisory Board of the Bocconi University’ School of Management (SDA). The curriculum vitae of Mr. Cuccia is also available on the Internet site http://ir.bulgari.com and at the Company’s registered office.
As of the date of his appointment, Mr. Paolo Cuccia did not hold any shares in Bulgari S.p.A.
Bulgari is one of the global players on the luxury market. In 2006 the Group posted a turnover of 1,010.4 million Euro. With a market capitalization of 2.38 billion Euro (as of 17.01.2008), Bulgari relies on a stores network in the most exclusive shopping areas in the world and on selected distributors. Bulgari has a product portfolio that ranges from jewels and watches to accessories and perfumes. The Group is controlled by the Bulgari family, holding about 52.0% of the share capital. The remaining 48.0% is floating on the Milan Stock Exchange.
For further information
| Media relations | Analysts / investor relations |
| Paolo Piantella | Renata Casaro |
| Corporate Financial Press Office Director | Investor Relations Director |
| tel. +39 06 68 810 593 | tel. +39 06 68 810 467 |
| e-mail paolo.piantella@bulgari.com | e-mail renata.casaro@bulgari.com |
| www.bulgari.com | http://ir.bulgari.com |