(Alliance News) - TMP Group Spa announced Friday that it has appointed Mauro Coltorti as the company's new chief financial officer.

Coltorti - a 63-year-old Economics graduate - has a proven track record in administration, finance and control. After starting his professional career as seaior auditor at Price Waterhouse Cooper, he then continued as administrative and financial director at Cofisa Spa and later as chief financial officer at Nomura International PLC. Later, he was also senior counsel, finance manager as well as freelancer in the role of Chief Financial Officer for several companies. Finally, prior to joining TMP Group, Coltorti worked as founding partner and board member of Believe In Technology Srl, a company operating in the venture capital & private equity arena.

In addition, Davide Maestri resigned for personal reasons as general manager and head of the company's Media House.

Maestri expressed profound gratitude to the company and the entire internal team, "Having accompanied the company in its growth over these years, in a collaborative, stimulating and fulfilling work environment, has been a privilege and I wish TMP Group a prosperous future."

Neither Coltorti nor Maestri hold shares in the company.

TMP Group's stock is unchanged at EUR8.12 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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