Juventus has terminated its contract with chief executive Giuseppe Marotta, who has been widely linked with a management role at rival Italian Serie A football club Inter Milan. The club confirmed the “termination of the employment contracts” of Marotta, 61, and chief financial officer director Aldo Mazzia, 62. The agreement with Marotta grants him indemnity in lieu of notice which amounts to €361,775 ($412,517), as well as an additional €361,775 as settlement compensation and redundancy incentive. Mazzia’s package grants him indemnity in lieu of notice which amounts to €278,000, as well as the additional total amount of €309,000 as settlement compensation and redundancy incentive. Marotta has served as Juventus chief executive for eight years and is looked upon as a key part of the Turin giant’s recent successes.
Giuseppe Marotta has left Serie A FC and is believed to be lining up a job at rival Inter Milan. The Italian Juventus club confirmed the "termination of the employment contracts" of CEO Marotta and CFO Aldo Mazzia. Marotta served as CEO at the club for eight years and an agreement with Serie A grants him an indemnity in lieu of notice amounting to €361,775 ($412,346). He will also receive €361,775 in settlement compensation and redundancy incentive. Meanwhile, Mazzia will get €278,000 as an indemnity in lieu of notice, plus €309,000 in compensation and redundancy incentive.