(Alliance News) - The chairman of the board of directors of Italian Exhibition Group Spa, Lorenzo Cagnoni, passed away on Tuesday. The company made this known in a statement released in the evening.

The board of directors, the document says, will provide for the integration of the board and the appointment of a new chairman in accordance with the provisions of current laws and bylaws.

As of the date of this press release, the company specifies, Lorenzo Cagnoni holds 13,000 shares in IEG.

IEG's stock on Tuesday closed in the green by 2.9 percent at EUR2.86 per share.

By Chiara Bruschi, Alliance News reporter

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