Iveco Group to buy back EUR 130 million in shares
By Luke Willetts - 10th May 2023
Italy – With 2022 financial results set to be published in May, the Iveco Group based in Turin, held an Annual General Meeting (AGM) this April in Amsterdam, Netherlands, and announced that its shareholders approved all the resolutions proposed by the Board of Directors, including repurchasing up to 10 million common shares with a maximum total value of EUR 130 million, over the next 18 months. This strategy falls under the company’s “long-term incentive plan” which will see Iveco offer stocks to executives, making it easier to attract top talent from around the world.
The company reappointed Suzanne Heywood and Gerrit Marx as Executive Directors. Tufan Erginbilgic, Essimari Kairisto, Linda Knoll, Alessandro Nasi, Olof Persson, Benoît Ribadeau-Dumas and Lorenzo Simonelli were reappointed as Non-Executive Directors the Iveco Group. Subsequently, the Board confirmed Heywood, Marx and Simonelli as Chairperson, Chief Executive Officer and Senior Non-Executive Director, respectively.
