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14 June 2021 The on-line newspaper devoted to the world of transports 13:22 GMT+2

July 24, 2020

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Adriafer has been given a Administration

D'Agostino: better structure of the structure of a reality that continues to grow will serve to give new impetus to the Company

The governance of Adriafer, the 100% subsidiary Adriatic Sea Port System Authority Eastern operating railway manoeuvres in the port area Trieste, goes from a single administrator to being entrusted to a board of directors that is provided for by the statute composed of three councillors, the Board will begin to operate from the end of July and will remain in office for three years, retaining the experience of the previous sole administrator, Giuseppe Casini, the protagonist of the development of recent years, who he will serve as chairman of the Board.

The position of CEO will go to Maurizio Cociancich, Trieste, 45 years old, with 20 years of experience on the issues logistics and university lecturer. Councillor will be Sonia Lussi, chartered accountant and auditor, expert in economic, financial and energy sectors, currently Deputy Director General of Confindustria Venezia Giulia and Director Confindustria Energy Consortium. The Board will be able to count on a general manager, Bruno Caleo, an engineer with experience coordinator of the various business functions Adriafer, which employs 94 trained and specialized employees rail activities.

"The administrative body- explained the President AdSP, Zeno D'Agostino, justifying the decision to implement the governance change -- it can't just be monocratic, but collegial. We need professional figures who, from experience and support the company's growth, online with the important steps taken in the last five years. Better structure the structure of a reality that continues to growth in both of its core business, railway manoeuvre and railway traction company -- he will serve to give new impetus to the company. Adriafer must also have an important endowment of resources and adequate and autonomous economic capacity for future steps.'

The port authority recalled that, in addition to the new Board, the latest the assembly decided to strengthen the financial companies, with a free capital increase of 300,000 euros, thanks to the profits from the budget surpluses of the years Previous. A further increase in capital up to two million euros that can be signed by the sole shareholder, the Port System Authority, with tranches of 300,000 euros in the coming years.

The authority also recalled that, as a testimony to the company's continued growth as investment rail sector, which has always been a priority asset for the port of Trieste, Adriafer went from an annual turnover of 2.8 million euros in 2015 to 11 million euros in 2019, with a positive operating result.

Adriafer, which in 2019 also reached the target of 10,000 trains, operates eight overhauled manoeuvre locomotives and property and three chartered locomotives, eligible for traction on the line.

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