MOSCOW, 18 Jan – Gianluca Ferrero has been approved by the new board of directors as president of Juventus, according to the website of the Turin football club.

At the end of November, Juventus announced the resignation of the board of directors of the team. Team President Andrea Agnelli, Vice President Pavel Nedved and Chief Executive Officer Maurizio Arrivabene left their positions. At the time, the Agnelli family’s holding company Exor, which controls Juventus, named Ferrero as a candidate for the club’s presidency.

On Wednesday, the shareholders’ meeting decided to appoint a new board of directors until June 30, 2025, the date the club’s financial statements are approved. Its members included Fioranna Vittoria Negri, Maurizio Scanavino, Ferrero, Diego Pistone and Laura Capiello. At the end of the meeting, Juve’s new chief executive appointed Ferrero president of the club. Scanavino resigned as CEO and became the club’s chief executive officer.

Earlier, the Italian authorities accused Juventus of hiding about 200 million euros in losses over a three-year period. To do this, the club used false credentials and manipulated rental agreements. Among the suspects were 15 people from the board of directors of Juventus, as well as a number of managers “with strategic responsibilities” and the team’s auditors. Juventus have denied allegations of financial fraud.

Agnelli has served as president of Juventus since 2010. Nedvěd has been the club’s vice-president since 2015.