Prysmian S.p.A. informs that Mr. Sergio Erede, co-opted as Director by the Board of Directors on
21 July 2010, has informed the Company that he is no longer available to be candidate as Director
of Prysmian S.p.A.. Mr. Erede’s candidature would have been submitted to the next Shareholders’
Meeting, convened on 21, 22 and 24 January 2011.
Mr. Erede has informed the Company that he took such decision in the framework of the recent
first degree decision by the Court of Parma, with respect to the criminal responsibilities arisen
from the insolvency of the group headed by Parmalat Finanziaria S.p.A.. Although he considers the
above mentioned decision, for the part pertaining to him, wrong and subjected to relevant changes
during the appeal judgment, and despite the suspension of the punishment, Mr. Erede deemed
inappropriate his candidature as Director of Prysmian S.p.A..
The Board of Directors of Prysmian S.p.A. thanks Mr. Erede for his work in favor of the
Company, and informs that it will take any decision in respect to the above renunciation, during a
meeting to be convened in the next few days.
A leading player in the industry of high-technology cables and systems for energy and
telecommunications, the Prysmian Group is a truly global company with sales in excess of € 3.7
billion in 2009 and a strong position in higher value-added market segments. With its two
businesses, Energy Cables & Systems (submarine and underground cables for power transmission
and distribution, for industrial applications and for the distribution of electricity to
residential and commercial buildings) and Telecom Cables & Systems (optical cables and fibres
and copper cables for video, data and voice transmission), Prysmian boasts a global presence with
subsidiaries in 39 countries, 56 plants in 24 countries, 7 Research & Development Centres in
Europe, USA and South America, and around 12,000 employees. Specialising in the development of
products and services designed to customer customers’ specific requirements, Prysmian's key
strengths include: a focus on Research & Development, the capacity to innovate products and
production processes, and the use of advanced proprietary technologies. Prysmian is listed on the
Milan Stock Exchange in the Blue Chip index.