Parmalat CEO Met Investors to Argue for New Mandate, Stampa Says

Parmalat SpA (PLT) Chief Executive Officer Enrico Bondi met the company’s key shareholders to argue for the renewal of his mandate, La Stampa reported, citing bankers attending the meeting.

Bondi held a meeting with investors including Fidelity, Monte dei Paschi di Siena SpA’s funds and Global Wealth Management, according to the newspaper. He argued he should be allowed to keep his job and lead Parmalat to reach the targets of its business plan, it said.

A group of Parmalat investors is preparing a list of joint nominations to the board in an effort to pump up sales and improve earnings growth.

To contact the reporter on this story: Sonia Sirletti in Milan at ssirletti@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net

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