Segrate, 21 January 2015 – The Board of Directors of Mondadori Libri S.p.A., held on today’s date, resolved upon the following appointments: Ernesto Mauri Chairman; Enrico Selva Coddè, Gian Arturo Ferrari, Antonio Porro and Oddone Pozzi Directors.

Specifically – reporting to the Group’s CEO Ernesto Mauri – Enrico Selva Coddè is appointed Managing Director of Mondadori Libri S.p.A. for the Trade area and Antonio Porro is confirmed Managing Director of the Educational area.

Gian Arturo Ferrari, Deputy Chairman of Mondadori Libri S.p.A., will work in co-operation with Enrico Selva, Managing Director of the Trade area, for the implementation and publication of the publishing programmes.

“This configuration enables a more functional structure aiming at potentially further developing a strategically key business for us as we hold a leadership position with a 26% market share in the Trade area and a 13% market share in the Educational area”, underlined Ernesto Mauri, CEO of Mondadori Group.

“The scenario of the publishing market is still declining and this means that we need to increasingly keep our focus on innovation and management efficiency, while streamlining processes with a view to increasing profitability in a strategically key sector for our company”, Mauri continued. “The new organization, which I am proud of also for the excellence of its professional competencies, will enable the management to use all leverages to achieve the projected results”.

Born in Milan in 1961 and with two degrees (engineering and philosophy), Enrico Selva Coddè began his career at Olivetti in 1987, where he worked in planning and logistics until 1991, the year he first joined Mondadori.

Until 1999 he worked at Mondadori as Head of Human Resources in the Direct Marketing, Advertising and Magazines areas. From 1999 to 2002 he was Head of Operations at Rizzoli Newspapers.

In 2002 he returned to Mondadori Group as General Manager of Giulio Einaudi editore; later he was appointed Managing Director holding the office from 2003 to 2008.

He was then appointed Head of Human Resources, Organization and IT of the Mondadori Group and since July 2014 he is Vice President of FIEG and President of FIEG category of large-scale magazine publishers.

Born in Milan in 1965, Antonio Porro has a degree in economics and business administration from the Catholic University of Milan. He began his career with Mondadori in the early 1990s as Head of project development. He then joined Telecom Italia covering positions with growing responsibility for over ten years, up from the Business Division to the International Division.

In January 2009 he returned to Mondadori as Head of the Group’s Mergers & Acquisitions. In June 2011 he was appointed General Manager of the Educational area and subsequently he was appointed Chairman and Managing Director of Mondadori Education S.p.A. and Mondadori Electa S.p.A., offices that are confirmed to him by today’s Board resolution.

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It should be noted that the stakes owned in the publishing houses operating in the Trade, Arts and Educational areas – Edizioni Piemme S.p.A. (100%), Giulio Einaudi editore S.p.A. (100%), Mondadori Education S.p.A. (100%), Mondadori Electa S.p.A. (100%), Sperling & Kupfer Editori S.p.A. (100%), Harlequin Mondadori S.p.A. (50%) – and in the company operating in the distribution area – Mach 2 Libri S.p.A. (34.91%) – were contributed to Mondadori Libri S.p.A., which started operations on 1 January 2015.

At 31 December 2013 the Books area of the Mondadori Group posted revenues for a total of euro 334.3 million with EBITDA at euro 46.2 million.