OFFICIAL STATEMENT: GIORGIO FURLANI JOINS AC MILAN AS THE NEW CEO

AC Milan announces today that Giorgio Furlani has been appointed as Chief Executive Officer to succeed Ivan Gazidis, who will end his tenure at the Club next month.

A Milan native and lifelong Milanista, Furlani has served as a member of the AC Milan Board of Directors since 2018 and has played an integral role in the Club's success under the ownership of Elliott Advisors, from which he will step down to take up the position of CEO at AC Milan.

Commenting on the appointment, RedBird Capital Partners Founder and Managing Partner Gerry Cardinale said: "When RedBird Capital Partners agreed to become custodians of AC Milan, we spoke of bringing our expertise in sports, media and entertainment to return the Club back to the pinnacle of European football, where it belongs. In Giorgio, we have the right CEO to lead the Club day-to-day and work closely with the RedBird team to make that vision a reality. Giorgio knows both the Club and the city intimately and has established the trust and confidence of the team at Casa Milan over the last four years. This will enable him to transition to this new leadership role seamlessly so that we can keep our focus on the larger goals ahead of us. We have a clear vision for this next chapter in the AC Milan story, and the RedBird team will be hands-on owners in partnership with Giorgio and the full team at Casa Milan in realising this vision."

Giorgio Furlani said: "I want to thank Gerry and the RedBird team for giving me the great honour of leading the Club I love as it embarks on the next phase of its revival. I look forward to working with Chairman Scaroni, Paolo Maldini, Stefano Pioli and the rest of the Club's leadership: together, I know that we can achieve greater success, on and off the field, in the years to come. Forza Milan!"