Andrea Agnelli announced on Wednesday
that he was quitting the boards of the Exor holding company and
carmaker Stellantis, having resigned as Juventus chairman in
November after being put under investigation.
Agnelli quit the Serie A giants along with the rest of the board
amid a probe by Turin prosecutors into allegations that the club
had presented false information to investors about its accounts
in recent years.
Agnelli said his decision was made in agreement with his cousin,
Exor CEO and Stellantis Chairman John Elkann, and Stellantis CEO
Carlos Tavares.
"I'm taking a step back. I'll leave the boards of all the listed
companies," he told a Juventus shareholder meeting called to
appoint a new board for the club.
"It's a personal decision I have made. I want to face the future
with a clean slate".
Investigators are looking into allegations that the Serie A club
made secret salary payments after declaring that players had
agreed to take wage cuts during the COVID-19 pandemic.
They are also looking into allegedly inflated earnings from
player transfers on the balance sheets.
The accounts of the club, a listed company, have also come under
the scrutiny of Italian stock-market regulator Consob, and the
Italian Soccer Federation has opened a sporting probe into the
case.
Agnelli's resignation marked the end of an era for Juve.
He steered Juventus to a period of enormous success after taking
the helm of the club in 2010, including a run of nine
consecutive Serie A titles.
He was also one of the ringleaders of the failed attempt to form
a European Super League in 2021.
Wednesday's meeting appointed a new board with Gianluca Ferrero,
a highly respected manager, accountant and auditor, becoming new
president of the club.
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