F.C. Internazionale Milano S.p.A. announces the proposed appointment of Giuseppe Marotta as President and new members to its Board of Directors
Club
— Jun 4th 2024MILANO - F.C. Internazionale Milano S.p.A. (“Inter” or the “Club”) today announces the proposed appointment of Giuseppe Marotta as the new President and the new composition of the Club’s Board of Directors, which will be confirmed at a Shareholders’ Meeting in Milano later today. The proposed appointments follow the recent change in ownership. On 22 May 2024, funds managed by Oaktree Capital Management, L.P. (“Oaktree”) assumed ownership of Inter following the non-repayment of Oaktree’s three-year loan to Inter’s holding companies.
As part of Oaktree’s focus on operational and financial stability for Inter, it has proposed the appointments of the following new Board members:
Alejandro Cano, Managing Director and Co-Head of Europe for Oaktree’s Global Opportunities strategy
Katherine Ralph, Managing Director in Oaktree’s Global Opportunities strategy
Renato Meduri, Senior Vice President in Oaktree’s Global Opportunities strategy
Carlo Ligori, Associate in Oaktree’s Global Opportunities strategy
Delphine Nannan, Senior Vice President in Oaktree’s Luxembourg office
Fausto Zanetton, CEO of Tifosy Capital & Advisory
The new Board brings together expertise from across Italy and Europe, including the Oaktree team who have partnered with the Club since 2021. The new Board members will provide experience and skills that are essential to executing Inter’s long-term objectives and achieving consistent prosperity, growth and success for the Club.
“I would like to thank Oaktree for the trust they have shown in giving me this opportunity to work alongside them and the Board. This appointment is an acknowledgement of the fantastic work of the many people who have run the Club over the last three years. I am proud to be part of Inter and remain committed as ever to the Club.”
Giuseppe Marotta
“As new members of the Board of Directors of Inter, we understand our responsibility to Inter’s community and legacy. As President, Marotta will provide strong continuity to the Club, as well as experience, passion and dedication from a distinguished career in football. The Board looks forward to supporting the President and Inter’s management team in ensuring the Club is positioned for continued success on and off the field.”
Oaktree
Confirmation of the outcome of the shareholder meeting will be published on Inter official website: www.inter.it/en