The new faces on the Juventus board

Following their 15-point deduction and the resignation of the previous members, Juventus have appointed a new board of directors.

At the end of 2022, it was announced that the Italian club was being investigated amid accusations of illegal financial activity. In response, the entire board of directors, including president Andrea Agnelli and vice-president Pavel Nedved, resigned.

It marked the end of an era for the Old Lady with Agnelli being at the helm since 2010 and overseeing a hugely successful spell in which they won nine consecutive Serie A titles.

With a new board needed, the annual shareholders meeting was held on Wednesday January 18 new members were appointed during it.

The decision was taken to reduce the board from 10 to five members with Italian businessman Gianluca Ferrero being made the new president of the club. The 59-year-old has held multiple corporate roles in the past but this is his first at a sports club.

Maurizio Scanavino, reportedly a close friend of John Elkann, the chairman of Agnelli’s holding company, has been made the new CEO in the other high-profile appointment.

The other three members of the new board are Diego Pistone, Fioranna Vittoria Negri and Laura Cappiello, with the latter two coming onboard as independent directors.

If all goes to plan, this board will remain in place until a shareholders’ meeting held in the summer of 2025.

Their tenure certainly won’t be a quiet one with the club already being deducted 15 points and further punishments potentially on the way.

Ferrero was made Juventus president on 18 January 2023. He studied at the University of Turin and graduated in business economics.

Exor, the holding company that holds the most shares in Juve, nominated Ferrero as their ideal successor to Agnelli as an economics expert and deputy chairman of the board of directors for Banca del Piemonte.

He said upon his appointment: “Together with the board of directors elected today and the new chief executive officer, we will work to build a future for Juventus that is worthy of its past, a glorious past spanning 125 years that has led this club to sporting glory and to become the strongest Italian football club.

“As you know, challenges await us in the coming months and that we as the board of directors believe we have the experience, competence and determination to defend Juventus and our team in front all the competent institutions, whether criminal, sporting or civil.”

Scanavino is expected to act as the club’s CEO, general director and new chief executive officer. The latter role is the same one he has with Italian media company Gedi.

On his unveiling, Scanavino said: “I will guarantee maximum commitment to Juventus and I want to make available all the experience I have gained. These two months as CEO have been very intense and I’d also like to take the opportunity to thank my colleagues for their availability.

“I have found highly motivated, highly capable people, who work with great passion, as well as a series of projects already underway for the near future, but also with a longer timeframe.

“When I talk about people, I’m talking about the best-known people at the club, such as the coach or the sporting director, but also all the others who work in the club’s other activities. And when I talk about projects, for the sporting area I want to mention Next Gen, which is proving to be an extraordinary and very strategic project, already able to feed talent to the first team and, from what they tell me, and which can be seen, there are many other players coming through the youth system that are ready to blossom.”

Juve were in excellent shape to qualify for the Champions League again under Massimiliano Allegri, at one point looking in good shape to contest second place, but a hefty 15-point penalty has halted their progress.

Financial mismanagement looks to have landed Juve in a heap of trouble. Key figures over the years including Andrea Agnelli, Fabio Paratici – currently at Tottenham – Federico Cherubini and Pavel Nedved all stood down from the club’s board and were given bans from football for varying lengths.

Juve are now awaiting the ‘written reasons’ for the court’s decision before they lodge an appeal with Italy’s Sport Guarantee Board, who will either confirm the sentence or overrule it.

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