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Whole of FS board quits

Govt planning to sell up to 40% of rail company

Redazione Ansa

(ANSA) - Rome, November 26 - All of the members of the board of directors of Ferrovie dello Stato Italiane (FS) have quit, the Italian rail network company said in a statement on Thursday. The government this week announced plans to sell a stake of up to 40% in FS. Economy Minister Pier Carlo Padoan thanked outgoing FS president Marcello Messori, CEO Michele Elia and the rest of the board for their work and said he would soon appoint a new board to guide the company through the partial privatization process.
    "I will move quickly to appoint the management tasked with leading the company through the development process formally launched with the decree that the government approved this week," Padoan said.
   

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