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Societa': AVIO SPA

Utenza - referente: AVION05 - Quattrin Nevio

Tipologia: 3.1

Data/Ora Ricezione: 6 Luglio 2026 21:58:00

Oggetto: Delegation of powers to the Chairman of the Board of Directors and appointment of the Lead Independent Director

Testo del comunicato

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AVIO

DELEGATION OF POWERS TO THE CHAIRMAN OF THE BOARD OF DIRECTORS AND APPOINTMENT OF THE LEAD INDEPENDENT DIRECTOR

Colleferro (Rome), 6 July 2026 - Following the announcement made on April 29, 2026, the Board of Directors of Avio S.p.A. ("Avio" or the "Company"), which met today, approved the powers' attribution to the Chairman, Mr. Roberto Italia, to be exercised in coordination with the Chief Executive Officer, related to (i) the management of institutional relationship aimed at the development and consolidation of the Company's businesses in the space and defense sector in international markets, as well as (ii) the management and promotion of operational strategies for business development in international markets (with particular regard, given its strategic importance, to the United States of America market).

It was also decided that the Chairman and the Chief Executive Officer will jointly participate in the implementation of the management and operational strategies in international markets (with particular regard, given its strategic importance, to the United States of America market).

Accordingly, at the same meeting, the Board of Directors appointed the independent Director Raffaele Cappiello as Lead Independent Director, pursuant to Recommendation No. 13 of the Corporate Governance Code. The Lead Independent Director will remain in office until the expiry of the current Board of Directors' term of office (i.e., until the Shareholders' Meeting convened to approve the financial statements for the financial year ending 31 December 2028).

Avio is a leading international group engaged in the manufacturing and development of space launchers and solid, liquid and cryogenic propulsion systems. The experience and know-how built up over more than 50 years puts Avio at the cutting-edge of the space launcher sector and defense programme. Avio is present in Italy, France, United States and French Guiana, employing more than 1,500 highly qualified personnel. Avio is the prime contractor for the Vega programme and a subcontractor for the Ariane programme, as well as a leading solid rocket motor subcontractor for the design and manufacturing of major European tactical missile programmes.

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