In an assembly that was held tonight in Avellaneda, north of Santa Fe and where Vicentin was born 90 years ago, the third generation stopped running the company. The firm is in bankruptcy with a debt of about US$ 1.400 millones. And an American investment bank, Maxim, is looking for a investing partner. Sources linked to the family told Clarín that this step aside is for “make things easier“And they did not relate it to the AFIP moratorium that prevented them from availing themselves of its benefits. Nor did they relate it to the criminal lawsuit initiated by foreign creditor banks demanding US $ 500 million,
The new board of directors is made up of the accountant Omar Scarel who is the new president, the engineer Daniel Foschiatti as vice president and the lawyer Estanislao Bougain as head director.
None of the members of the new board of directors is a shareholder of the company and “they will have the responsibility of leading this stage that begins within the framework of the bankruptcy process that the company is going through,” they said in a statement.
An expert in the case links you to the situation in which the family remained after the death of Sergio Nardelli that concentrated the power of decision. By the way, this professional directory, the first that Vicentin has in all its history, must be reported to the 303 shareholders, all members of the family.
The meeting was held with the participation of 64 shareholders representing the 98% of the Share Capital.
There, the Financial Statements as of 10-31-2019 were approved, that is, those prior to the contest, the management of the board of directors and the Supervisory Committee and the appointment of the new board of directors that will be in office until the next Ordinary Assembly.
The balance was approved by a majority of the order of 92% and the management of the outgoing board had an 87% approval.