ITALY: Campari trims board members, okays dividend
Davide Campari-Milano has trimmed the size of its board and issued dividend details.
The Italian spirits and wine group, which owns brands including Skyy vodka and Glen Grant Scotch whisky, has reduced its board of directors from 11 to nine "to ensure the company a more agile governance". The change was voted through at Campari's shareholder meeting today (24 April).
The meeting also confirmed Luca Garavoglia as continuing chairman.
At the same time, a dividend of EUR0.10 per share was approved, unchanged from the previous year. The dividend will be paid on 4 May, the company said.
Last month, Campari posted a 3.6% lift in full-year operating profit for 2006, totalling EUR190.5m. Group sales leapt by 15.1% in the year to EUR932.4m.
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