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Letter from the Chairman

Letter from the Chairman

Actions taken at Ceado, in defense of our customers, employees and potential visitors

During the past few weeks, Europe has witnessed the swift spread of the new Coronavirus (COVID-19): in Italy some centers for the spread of the virus have been isolated and some areas where to increase the preventive actions have been located.

Our standard operations have not been affected in any way by the prevention measures, which, I would like to state, Ceado has implemented since the first announcements of the spread of the new Coronavirus: all recommendations according to the National and European Health Authorities, in order to reduce any possibility of contagion, have been implemented since several weeks.

As of today:
– none of our employees has contracted the virus, and no positive cases have been recorded;
– all our production sites are in full operation;
– we are not facing issues of availability of raw materials and components or delays in the delivery of the goods;
– we have suspended accesses to our works to visitors and guests and limited those of consultants and suppliers to those not deferrable or not otherwise replaceable with a conference call;
– we have implemented loading/unloading procedures by our personnel, forbidding to couriers/drivers/freight forwarders the access to our facilities.
– technical and commercial training activities have been reduced following the safety measures.

Furthermore, as safeguard to our employers, we are applying strictly the following guidelines:
– establish a cross functional team to report directly to me so to take appropriate measures;
– immediately report to the above functional team in case of symptoms in order to inform quickly and smoothly the Health Authorities and to receive all useful advices;
– continuously monitoring the situation internal and external to our environment and the related Ceado supply chain;
– the recommendation to use as much as possible the digital channel communication.

In full respect of all the actors involved in the daily "partnership" with Ceado, it is my commitment to guarantee that health and safety is our common priority: being aware that the situation is an ever changing one, preventive measures for containment of COVID-19 are constantly updated.

I remain available to answer any question and committed in keeping you informed on any development or evolution for our common interest.

Kind Regards, the Chairman Michele Girardi

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