# LLM Context
URL: https://weeg.it/en/press-releases/white-energy-group-transforms-into-a-corporation/

# White Energy Group transforms into a corporation

> White Energy Group became a joint-stock company after shareholders approved new bylaws, a capital increase to €100,000 and an employee-focused capital increase plan.

## Page details

- Source language: English
- Content type: Press release
- Original title: White Energy Group transforms into a corporation
- English title: White Energy Group transforms into a corporation
- Source URL: https://weeg.it/en/press-releases/white-energy-group-transforms-into-a-corporation/
- Summary: Seven years after its founding, White Energy Group changed its corporate form to support growth, broaden access to financial and capital options, strengthen governance and create new employee participation opportunities.

## Corporate transformation

White Energy Group, a company specializing in energy-efficiency and energy-saving services with offices in Verona and Cagliari, became a joint-stock company seven years after its founding.

At an extraordinary shareholders' meeting, the company:

- approved the transformation into a joint-stock company;
- increased share capital to €100,000;
- confirmed the composition of the board of directors;
- confirmed Gianluigi Mele as chairman and CEO.

The company also plans to co-opt independent directors with expertise in areas including legal, finance and marketing.

## Growth and financial access

Gianluigi Mele stated that the new corporate form is intended to provide access to a wider range of financial and capital options, supporting potential investments and new development opportunities.

The company also expects the structure to offer stronger transparency, corporate-governance and organizational profiles that may be attractive to institutional and private investors.

## Employee participation

The new corporate form allows White Energy Group to adopt more flexible employee incentive policies. As part of the transformation, the company reserved a capital increase plan for employees, enabling them to participate in the company through shares.

## Development outlook

According to Mele, the company aims to sustain growth and implement new energy-efficiency projects with new financial partners and qualified, motivated employees. He described the transformation as an important milestone in the company's growth and development and reaffirmed the company's commitment to energy-efficiency solutions and the transition toward a more sustainable future.